Reports Say Beijing Attacking Taiwan Could Lead to ‘Far-Reaching Economic Con...
While the global economy remains gloomy and the war in Ukraine continues, there’s been significant tension between China and Taiwan. The American representative from California, Nancy Pelosi, plans to visit Taiwan this week and White House officials say China is preparing to carry out “military provocations.” Moreover, during the last few weeks, reports note that the global economy could crater if there’s a Chinese military attack on Taiwan. Nancy Pelosi Is Visiting Taiwanese President Tsai Ing-wen This Week Despite Taiwan’s Tensions With China ....
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Cryptocurrency transactions using credit cards will no longer be allowed in Taiwan, as the island nation’s watchdog believes digital currencies are risky and speculative assets, local reports disclose. In a letter sent to the banking industry association earlier this month, Taiwan’s Financial Supervisory Commission urged them not to extend “merchant status” to digital asset providers […]
Taiwan is becoming the latest country to launch a war on cash, banning its use for transactions involving real estate and ‘luxury’ goods. As Zerohedge reports quoting the Economic Daily News, an unidentified government minister stated there would likely be an outright ban on using cash to pay for such items. Their actual cost, he said, would not play a factor. “With the goal of strengthening the prevention and control of money laundering, Taiwan's Ministry of Justice plans to promote large-scale transactions without cash. The first wave may lock real estate, luxury cars and jewelry....
A new poll by the Independent puts Brexit at a 10% lead over remain for the first time ever, sending the British pound tumbling down, reaching a low of $1.40 from $1.71 two years ago. At the same time, Bitcoin has been on a year-long up trend after reaching a low of $160 in August 2015, seeing a stratospheric rise past $600 in a bull run. Recession may be ahead. Most are suggesting China, which is facing its own economic difficulties, has been leading the charge, not least because at one point there was a $100 spread between Chinese and western exchanges. However, as economic uncertainties....
Courtesy: blog.robocoinkiosk.com. With recent reports of Robocoin's bitcoin ATM expansion in Asia, the move to get bitcoin in the hands of more people seemed like a sure thing. Except for the fact that Taiwan reportedly doesn't want the bitcoin ATM in their country. The revelation comes mere days after Taiwan issued an anti-bitcoin sentiment, warning against the use of the digital currency and even going so far as to threaten intervention should the need arise. It's perhaps one of the most aggressive government takes on bitcoin, even over China (China allows the use of bitcoin at personal....
The securities industry in Taiwan is looking forward to overhauling its financial technology sector to meet the needs of changing financial landscape. The blockchain revolution is catching the world by storm. As the adoption of latest technology in banking and financial sector picks up in the developed nations, other countries are preparing themselves for the eventual shift from conventional platforms to distributed ledger based applications. Taiwan has now started to explore new technology solutions for its financial sector. Yesterday, a Taiwanese news publication reported the country’s....