Taiwan Declares Bitcoin an Illegal Asset

By November 2, 2015Bitcoin Business

This Monday, the Taiwanese Financial Supervisory Commission (FSC) declared Bitcoin an illegal asset .

Last year the Taiwanese central bank issued a warning stating that bitcoin was a highly speculative virtual asset and lacked a mechanism to protect its transactions. Now, claims of illegal activities being conducted with aid of the virtual currency were taken to court by the Taiwanese Financial Supervisory Commission.

It all began when a Hong Kong tycoon was kidnapped and held hostage […]

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