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That is actually more likely a good than a bad thibg. Here in Taiwan bitcoin was just recently classified as commodity like gold, instead of currency. This make
by imrehg 13y ago
That is actually more likely a good than a bad thibg. Here in Taiwan bitcoin was just recently classified as commodity like gold, instead of currency. This makes bitcoin businesses and local exchange, bitcoin atm possible, since if it was currency, one would have to get a bank license to do pretty much all that. Let's hope it stays this way, and things kick off. We will be doing some bitcoin+law events here in the Taipei Hackerspace.
- jnbiche 13y agoAgreed. Here in the U.S., we would probably be in a much better position if FinCEN hadn't decided Bitcoin is a currency earlier this year.
- dobbsbob 13y ago3rded. Commodities have no regulations in my country. A currency would req piles of government approval to trade
- swswsw 13y agoGood to know. What is the effect of treating it as commodity means to bitcoin business in Taiwan? How is bitcoin perceived in Taiwan?
- imrehg 13y agoA lot of things happening at the moment. ~3 weeks ago there was almost nothing, now I heard of 4 exchanges coming online around now or soon, bitcoin ATM is on the way, every week there's bitcoin meetup, just did my first purchase yesterday. For the regulatory effect, one of the technologically very advanced law firm just did an assessment, it's in Chinese but they promised English translation in the coming weeks. http://www.eigerlaw.com/zh/publications/cat_view/17-publications/22-regulatory--compliance http://www.eigerlaw.com/zh/publications/cat_view/17-publicat... (Alex Tsai, December 2013, 比特幣之介紹及其交易在台灣法律環境之適用) Good to know that Bitcoin is 比特幣 in Chinese :) My email in the profile, can let you know when the English assessment is published.