Archive | Taiwan

Thai Government Announces “Bond Coin” to Unlock Bond Settlements

Thailand’s government has confirmed that the Thai Bond Market Association (TBMA) is currently developing a state-run token to ensure payments and the clearing of corporate bonds, according to BTC Manager. The token, “Bond Coin”, according to a Bangkok Post report, will be built over a private blockchain and will ensure transactions between pre-selected participants such […]

Taiwanese Fintech Startup Announces Launch of Fiat-Pegged Digital Token

A Taiwanese fintech startup has announced plans to introduce a digital token that is pegged to the value of the New Taiwan Dollar (NTD). Green World Fintech Services will be building their new currency on the Ethereum network. Green World Patents Tokenisation Process to Protect TWDT from Fraud and Money Laundering The new NTD-backed currency… […]

Global Mining Boom as Transaction Confirmations Continue to Soar

According to analytics figures, cryptocurrency mining comprises 114 nations globally which offered the market a profitability of USD 4.1 billion by the end of 2017. Add to that, profits acquired from the sale of mining machines, which is approximated to reach some USD 3 to 4 billion, and mining appears to have all the makings of […]

Taipei Bank Sets the Pace in Taiwan with Blockchain Payments

Taipei bank Fubon Commercial is reported to be the first of Taiwan’s banks to introduce a blockchain-based payment system, reports the Taipei Times. The bank will essentially use the payment system for restaurants and merchants serving the National Chengchi University. It suggests that transaction times will now be cut to less than a second, adding that businesses […]

Major GPU Suppliers Show Increased Profits from Bitcoin Mining

Recent figures released by Global GPU producers have shown that demand for products related to blockchain and cryptocurrency mining is on the rise, and company stocks and profits have benefited as a result. Processing and chip units giant Nvidia and computer tech company AMD are two of the world’s biggest GPU producers and both companies […]

Taiwan’s Government Plans to Implement Cryptocurrency Regulation This Year

The government of Taiwan, following moves made by neighbors like Japan and South Korea, will roll out new cryptocurrency regulations later this year. Speaking at a conference dedicated to anti-money laundering (AML) on Friday April 20th, Chiu Tai-san, Taiwan’s Minister of Justice, said that the country will develop and implement a regulatory framework for cryptocurrencies… […]

EU and Taiwan Push For Bitcoin Transparency

In recent days, both the EU and Taiwan have moved towards tighter regulation for cryptocurrencies. The European Parliament voted on Thursday to support the European Council’s December 2017 proposal to bring in new measures to combat illegal use of digital currencies such as money laundering and financing terrorism. This policy, maintains the EU, will reduce […]