Bitcoin Banned in Taiwan after Billionaire BTC Ransom Attempt

By November 3, 2015Bitcoin Business

Just days after a Hong Kong tycoon was kidnapped, beaten, and held for millions of dollars in Bitcoin in ransom by criminals, the Financial Supervisory Commission (FSC) Chairman of Taiwan, Tseng Ming-chung, has made a ruling. Bitcoin is now illegal within Taiwan. Financial Interest Decide What is Illegal, Then Tell Police the New Law

In many developed countries, a separate government body, like a Parliament or Congress, would create laws after a vetting process […]

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