🇹🇼 LATEST: Taiwan's legislature passes a law to establish a regulatory framework for crypto exchanges and stablecoin issuers, with penalties for fraud and market manipulation. https://t.co/MI21f81Ryo
🇹🇼 LATEST: Taiwan's legislature passes a law to establish a regulatory framework for crypto exchanges and stablecoin issuers, with penalties for fraud and market manipulation. https://t.co/MI21f81Ryo
🚨NOW: TAIWAN PASSES KEY CRYPTO FRAMEWORK, ENDING REGULATORY UNCERTAINTY
Taiwan has approved a comprehensive legal framework for crypto, requiring exchanges and stablecoin issuers to obtain licenses before operating while introducing stricter rules on reserves, cybersecurity, and consumer protection.
The legislation also imposes penalties of up to 7 years in prison and $3.1 million in fines for illegal crypto operations, formally bringing the industry under full regulatory oversight.
John Gillen: For the first time in Strategy's history as a $BTC treasury company, its market cap dipped below the value of the $BTC it holds.
"The market is basically saying we have so little confidence in Strategy that we don't even think it's worth the amount of Bitcoin they're holding."
Sailor has 800,000+ Bitcoin. His stock is down ~80%.
He's won in one sense and is losing in another.
The new framework is his attempt to close that gap.
(The market will decide if it works)
FT @BitcoinJesusETH @LGDoucet @bitget.
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.