Cryptocurrency-based gambling on the outcome of Taiwan's presidential election has surged, attracting nearly $700,000 in wagers. Authorities are cracking down on illegal activities, emphasizing the importance of avoiding legal violations during this sensitive election period.
JoyTaiwanese authorities issue a stern warning against cryptocurrency betting, citing legal repercussions and ongoing investigations into activities involving platforms like Polymarket.
Hui XinStarting January 29, 2024, Google will implement updated advertising policies for the cryptocurrency industry. Taking Taiwan as an example, advertisers will need authorization from Taiwan's Financial Supervisory Commission to place advertisements.
OliveA couple operating aesthetic medicine clinics in Taichung City, Taiwan, faces legal repercussions due to their involvement in cryptocurrency mining ventures. Zheng and Su sought to bolster their income by investing in virtual currency mining since 2021. Collaborating with Huang, who established eight mining sites in Taichung, the couple engaged in mining operations. However, suspicions arose as Huang is accused of stealing electricity, resulting in losses of approximately NT$80 million for Taiwan Power Company. The situation escalated when two mining sites experienced electrical fires, posing risks to adjacent tutorial centres and a hot pot restaurant.
JoyTaiwanese singer Chen Lingjiu (陳零九) becomes a defendant in the JPEX cryptocurrency exchange investigation, amplifying the risks of celebrity endorsements in finance. The case reveals allegations of fraudulent virtual currency promotion by JPEX, leading to legal actions and underscoring the responsibility celebrities have in endorsing financial products.
JixuThe bill’s primary objective is to establish rules for governing virtual asset service providers so as to safeguard investors’ interests and uphold the financial landscape’s stability.
CatherineTaiwan takes steps towards Cryptocurrency regulation as Lawmakers push for change.
Hui XinThe new regulations draw from existing regulations elsewhere, including in the EU, Japan, and South Korea
ClementCryptocurrency transactions using credit cards will no longer be allowed in Taiwan, as the island nation's watchdog believes digital currencies ...
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