Following recent reports wherein the Taiwanese Financial Supervisory Commission (FSC) Chairman deemed Bitcoin deemed bitcoin illegal, the FSC and the country’s central bank now vide the cryptocurrency as a commodity. The two authorities will also step back from trying to manage bitcoin transactions. The stance is certain to be met with relief among Taiwanese bitcoin adopters. The chairman of the Taiwan’s FSC, Tseng Ming-Chung has today confirmed that the regulator and Taiwan’s central bank now see Bitcoin as a commodity while noting that the two agencies will refrain from trying to regulate or manage bitcoin adoption in the country. As […]
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