Saint Island International Patent & Law Offices
It is no news that in some jurisdictions there have been cases where virtual currencies being criminal proceeds were seized, confiscated, and even auctioned off by courts or law enforcement agencies.
Cryptocurrencies are considered a "virtual commodity" by the Taiwanese government and are essentially unregulated.
The Act was published by the Presidential Office in June and will take force on a date to be announced by the Executive Yuan.
To encourage financial services industry and the related industry to apply innovative technology for enhancing financial accessibility, practicability, and quality, on May 4, 2017, Taiwan's Executive Yuan...