Convenience store chain FamilyMart will accept bitcoin at nearly locations in Taiwan after striking a deal with local wallet provider BitoEX.
Table of contents
- Bitcoin’s Winning Shoppers in Taiwan With This Retail Giant’s Help
- Taiwan FamilyMart Co., Ltd. (5903.TWO)
- Taiwanese Startup to Let Customers Buy Bitcoin in Stores
- Cracking Taiwan bit by bit
- OpenBazaar: Purchasing Goods and Services with Bitcoin was Never so Easy
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Bitcoin’s Winning Shoppers in Taiwan With This Retail Giant’s Help
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- TAIWAN FAMILYMART CO (TWO) Stock Price, News, Quote & History - Yahoo Finance!
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Taiwan FamilyMart Co., Ltd. (5903.TWO)
MarketWatch Dow Jones. No Headlines Available. The Sandbox Act was enacted to enable fintech businesses to test their financial technologies. According to the Sandbox Act, an applicant which can be an entity or individual needs to obtain approval from the FSC before entering the sandbox.
Taiwanese Startup to Let Customers Buy Bitcoin in Stores
Once the experiment begins, the experimental activities may enjoy exemptions from certain laws and regulations such as FSC licensing requirements and certain legal liability exemptions. After completion of the approved experiments, the FSC will analyse the results of the experiments. If the result is positive, the FSC would actively examine the existing financial laws and regulations to explore the possibility of amending them, after which the business model or activities previously tested in the sandbox could become feasible under law. Please note, however, that the sandbox entity or individual might still be required to apply for a relevant licence or approval from the FSC in order to formally conduct the activities as previously tested in the sandbox.
At the time of the writing, seven applications have been approved by the FSC to enter into the sandbox, but none of them are related to cryptocurrencies. Nonetheless, please note that under the STO regulations as advised above, there would be an upper limit for the total amount of an STO programme, and according to relevant news reports, the FSC mentioned that any STO exceeding such upper limit may first need to be tested and experimented with in the regulatory sandbox. Even so, it is possible that the relevant STO market players, as well as some controversial fintech business models and activities e.
Mining activities are generally permitted. So far, no Taiwanese laws or regulations have been specifically promulgated or amended to impose any border restrictions on, or requirements for, declaration of holdings of cryptocurrencies. So far, no Taiwanese laws or regulations have been specifically promulgated or amended to impose any reporting requirements for cryptocurrencies.
Lee and Li, Attorneys-at-Law.
Cracking Taiwan bit by bit
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OpenBazaar: Purchasing Goods and Services with Bitcoin was Never so Easy
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