Posts in category

Taiwan


Taiwan aims to formally regulate bitcoin under anti-money laundering (AML) rules before the end of the year. According to the Taiwan Central News Agency, Chiu Tai-san, the country’s minister of justice, said at an anti-money laundering event on Friday that the nation aims to have the legal framework ready before a visit to Taiwan by the Asia …

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The Taiwan Semiconductor Manufacturing Company (TSMC) has reported strong financial results in the first quarter of 2018, figures driven by a growth in orders for cryptocurrency mining chips. During its shareholder conference call on Thursday, the world’s largest independent semiconductor maker said it generated 248 billion Taiwan new dollars (US$8.5 billion) in sales revenue for …

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The regulatory crackdown on bitcoin trading in mainland China has reportedly led to a bitcoin miner in Taiwan being shot by local gangsters. According to a report from Taiwanese news source Liberty Times, the incident occurred on Saturday night, local time, when two local gangsters had scheduled to meet a bitcoin miner with whom they had …

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The government of Taiwan has moved a step closer to regulating bitcoin under anti-money laundering (AML) rules. In an announcement on Tuesday, the state’s Ministry of Finance said it will push for the regulation of cryptocurrencies under same AML rules already covering the traditional financial sector. Citing guidance issued by Financial Action Task Force, an intergovernmental …

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The Central Bank of Taiwan is eyeing new rules that would bring bitcoin under the island’s existing anti-money laundering regulations. During a meeting with Taiwan’s legislative arm Monday, central bank governor Yang Chin-long was questioned over how the banking authority would address the current “opacity” in bitcoin trading in the country, as highlighted by the …

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Blockchain systems for interbank clearance and remittance may not be as efficient as a centralized system just yet, according to a report released by the Central Bank of Taiwan. Announced by the bank’s new governor Yang Chin-long at a press event Thursday, the report outlined various explorations currently being conducted by the island’s central banking authority …

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The new governor of Taiwan’s central bank has said he has doubts about cryptocurrency’s role as a payments tool. Earlier this year, while still in his role as deputy chief of Taiwan’s central bank, Yang Chin-long indicated that the central bank has started the evaluation of the benefits and challenges of a central bank-issued cryptocurrency. In responses …

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Japanese financial services group SBI Holdings has bought 40% of Taiwanese cryptocurrency hardware wallet company CoolBitX, according to a press release published March 2. In the latest venture in SBI’s increasing involvement with both the cryptocurrency and Blockchain industries, the finance giant made an undisclosed investment which transferred almost half of CoolBitX to its ownership. …

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Yang Chin-long, the new governor of Taiwan’s central bank, indicated in a speech yesterday, Feb. 26, that the bank would be open to exploring Blockchain technologies. At the end of January, Taiwanese capital Taipei had announced that they intended to turn into a ”smart city,” utilizing Blockchain for providing technological advances like pollution sensors and …

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Taiwan’s central bank is promising to explore how blockchain technology might help improve its operations. In a rather brief speech at his inauguration ceremony Monday, Yang Chin-long, the new governor of Taiwan’s central bank, said his agency will seek to pay closer attention and remain to be open-minded to the rapid development of financial technology, including big …

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Chinese mining hardware giant Bitmain has reportedly made higher profits in 2017 than long time American graphics processing unit (GPU) manufacturer Nvidia, CNBC reported Feb. 23. CNBC writes that according to a report published Feb. 21 from investment research company Bernstein, the four-year-old Bitmain reportedly made between $3 and $4 billion in operating profit in …

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A senior Taiwanese official is urging the government to prepare policies to tackle the potential impact of cryptocurrencies on the island’s financial stability. Speaking at a seminar, hosted on Feb. 2 by Taiwan Academy of Banking and Finance, Shih Jun-ji, vice president of Taiwan’s executive branch of government, addressed issues around the financial impact of cryptocurrencies …

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Taipei, Taiwan is seeking to become a smart city by utilizing the power of Distributed Ledger Technology (DLT), or Blockchain. The city has chosen to partner with IOTA, the inventors of the so-called Tangle technology for the Internet of Things (IoT), to provide a number of new technology features for residents. Wei-bin Lee, Commissioner of …

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Vitalik Buterin, co-founder of Ethereum, has laid out the future plan of the Blockchain technology-based platform at a conference in Taipei, dealing with some of the biggest problems in Ethereum and suggesting how the future might shape up. Having already provided a substantial amount of information, the new update from Buterin gives more specific details. …

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