Bitcoin regulated in Taiwan by Anti-Money Laundering Law

The Governor of the Central Bank of Taiwan has offered bitcoin should be regulated under anti-money laundering laws
03 April 2018   704

Yang Chin-long has declared to the lawmakers that the financiers are observing cryptocurrency prices closely. According to his suggestment, cryptocurrency in the country is to be controlled under the current anti-money laundering legislation.

Taiwan's Central Bank, 中華民國中央銀行, is supposed to start regulation of  cryptocurrencies (such as bitcoin) by the country’s existing anti-money laundering (AML) laws. Governor Yang was replying to officials’ anxiety about bitcoin’s lack of transparency when traded.

As Focus Taiwan reported, Yang (who headed the central bank in February) made a suggestion for the Ministry of Justice to include Bitcoin into the competence of Taiwan’s Money Laundering Control Act due to the digital money’s lack of regulation.

Then Mr. Yang efforted to convince authorities that his agency was indeed monitoring bitcoin, going so far as to constitute investor guides or warnings about the decentralized currency’s possible risks.

These recommendations are connected with the statement made some weeks ago by the Finance Minister Sheu Yu-jer. He declared Taiwan should tax bitcoin while treating it as a consumer item. Mr. Sheu said the taxation problem had been carefully studied by his division.

Governor Yang affirmed having advised to the Ministry of Justice how all bitcoin trading can turn under AML. These remarks seem to be in line with regional efforts towards cryptocurrency: Malaysia this month has accepted know your customer (KYC) rules among exchanges, and South Korea has been trying to disrupt anonymous accounts through its banks using analogous laws. Mr Yang also added that "major central bankers and international financial organizations are against legalization of trading in virtual currencies like Bitcoin.”

Bitcoin markets are not difficult to manipulate because “87.5 percent of the Bitcoin transactions have been owned by only 0.61 percent of the trading accounts in the world,” he declared, informing investors to pay more attention to possible risks.

First BTC Forks Battle to be Held on p2pb2b Exchange

p2pb2b exchange is going to challenge 'digital gold' fork
28 September 2018   433

Since the launch of the very first cryptocurrency, lots of developers were trying to improve Bitcoin and fix existing bugs. According to, there were 69 Bitcoin forks in total in the crypto market in April 2018 and only 10 of them were traded on exchanges. p2pb2b exchange has decided to figure out which of the forks deserve to be listed and currently holds Bitcoin Forks Battle for the first time in the history of the crypto market. The platform is not going to decide the destiny of coins itself. Instead, the community of traders will be voting for the best coins in their opinion. The winner will get a free listing on p2pb2b.

How does the Battle go?

Bitcoin Forks Battle is held on the p2pb2b exchange in 3 stages. Any of Bitcoin forks can participate. The following forks are already participating in the Battle: B2X, BCA, BCD, BCX, BIFI, BTCS, BTN, BTX, GOD, LBTC, NRO, SBTC, UBTC. There is still a chance for any other Bitcoin fork to join the competition. Only traders registered on p2pb2b with at least 0.003 BTC / 0.05 ETH / 25 USD on their account in order to exclude frauds. The voting itself is free.

  • Stage 1 - Qualification
    • The stage will last for 7 days and only 8 most voted coins will pass to the next round.
  • Stage 2 - Play-off
    • 8 coins will be randomly divided into pairs. A fixture list will be made and coins will participate in matches just like it works in football. There will be 6 matches in total, 24 hours each. 2 finalists will pass to the next stage. Coins that will make it to the play-off will receive a special offer for the listing within a month since the announcement of the battle results.
  • Stage 3 - The Final
    • The final stage will last for 5 days, the most voted coin wins the battle and gets a free listing of p2pb2b.

Bitcoin forks will finally get a chance to enter the crypto market and find its acceptance. Coin holders will be able to benefit from trading and an improved functionality that each fork has already presented. Check out the official website to participate in the Battle and choose the coin you like the most.


p2pb2b cryptocurrency exchange has made a reboot after 4 years of work and introduced users a completely new platform for safe and profitable trading. The team is mainly focused on the needs of businesses and large enterprises. However, each participant of the crypto market will be able to find benefits in using p2pb2b exchange. Traders get high performance, safety, and client’s support. Businesses take an advantage of a possibility to list a new coin for 5 minutes, updated API, officially registered Estonian company. More information about the platform is available on the official website.