Virtual currency entity in Taiwan
8591 treasure trading network
8591 www.8591.com.tw
in October 2013, bitcoin Bank of Australia was attacked by hackers, with a loss value of more than US $1 million. This incident has aroused the concern of bitcoin security in Australia. The Reserve Bank of Australia and the Australian tax office have said they want a virtual currency tax like a business transfer tax
Bangladesh
the Central Bank of Bangladesh banned the use of virtual currency in September 2014. Using bitcoin will be punished by law
Brazil
Brazil is one of the few countries in the world that has enacted laws related to electronic currency payment systems. Brazil has not banned bitcoin
Bolivia
for regulatory reasons, the Central Bank of Bolivia (BCB) has banned the use of bitcoin. BCB believes cryptocurrency will help business entities evade taxes
Canada
bitcoin is not considered legal, that is, bitcoin is not recognized by Canadian law. Canada's tax authorities plan to implement the same tax plan as barter trade and speculative trading for the bitcoin
China
China is one of the few countries in the world that ban bitcoin completely and prohibit financial institutions and banks from dealing with bitcoin transactions. In December 2013, the people's Bank of China issued a notice calling bitcoin & quot; Virtual goods;, And prevent it from becoming money
trading has been suspended
Ecuador has banned bitcoin, but it has chosen to set up a new state-owned electronic currency and monetary system, and the currency will be protected by the assets of the Central Bank of Ecuador
EU
at present, the EU still has different views on the classification of bitcoin. In October 2012, the European Central Bank's report on virtual currency concerns the legality of bitcoin under the EU legal framework. The European Banking Regulatory Authority issued a bitcoin risk warning, saying that the use of bitcoin has not been restricted at present
Finland
Finland has relevant regulations for the use of virtual currencies such as bitcoin. The relevant regulations are issued by the Finnish tax authority Vero skatt. Any gains arising from bitcoin transactions will be subject to capital gains tax
Hong Kong
Hong Kong has no regulations for bitcoin or any other virtual currency. However, the government is closely monitoring the use of bitcoin to prohibit money laundering, fraud and other illegal activities
India
India does not explicitly stipulate or prohibit the use of bitcoin. However, the Reserve Bank of India (RBI), equivalent to the Central Bank of India, has been forced to shut down India's largest bitcoin trading platform after it issued a notice that the use of bitcoin could cause money laundering and security problems
Israel
the Israeli tax authority is considering levying income tax on bitcoin transactions. Israeli banks even blackmail bitcoin payments
Kyrgyz
Kyrgyz central bank has banned the use of digital currency and bitcoin for the reasons of lack of centralized management, high currency risk and legal problems
Russia
the Central Bank of Russia believes that bitcoin may be used for money laundering and terrorist financing. Therefore, the Russian government banned the use of bitcoin
Taiwan
Taiwan's financial supervision commission is concerned about the uncertainty and speculation of bitcoin, so Taiwan opposes the installation of bitcoin ATM
UK
at present, there are no relevant regulations for the bitcoin. Profits or losses from bitcoin transactions are subject to capital gains tax, while the purchase of bitcoin is still subject to VAT
the U.S.
the U.S. is probably the most supportive country for virtual currencies such as bitcoin. There are no final rules on bitcoin. However, there are also many new rules for the establishment of bitcoin management framework.
Taiwan uses new Taiwan dollars
New Taiwan dollar (currency code: TWD; Currency symbol: NT $) is a set of legal tender issued by the Central Bank of Taiwan, China. It has been issued and circulated since June 15, 1949. Its basic unit is yuan
New Taiwan dollar coin units include: 5 cents, 1 yuan, 5 yuan, 10 yuan, 20 yuan and 50 yuan. The paper money units are: 100 yuan, 200 yuan, 500 yuan, 1000 yuan and 2000 yuan. The circulation of 50 cents is small, in fact, it is less used, so usually the minimum unit of cash transaction is 1 yuan
for example, a stamp of 3.5 yuan is sold for 4 yuan (but of course, two stamps are only sold for 7 yuan); Deposit interest is also rounded to one yuan. However, if necessary, it can also be used as a medium of transaction, but it is limited to 100 pieces at a time
extended materials
the development history of the Taiwan Dollar:
the predecessor of the Taiwan dollar was the old Taiwan dollar, which was issued and circulated on June 15, 1949. The new Taiwan dollar is relative to the old Taiwan dollar, and now the Taiwan dollar refers to the new Taiwan dollar. The old Taiwan dollar was discontinued in the 1950s
On July 1, 1961, in accordance with the measures of the Central Bank of the Republic of China entrusting the Bank of Taiwan to issue new Taiwan dollars in Taiwan, the Bank of Taiwan was entrusted by the central bank to issue new Taiwan dollars. The words "Bank of Taiwan" were printed on the banknotes, and the legal status of the banknotes was compared with the national currency, which became the legal tender of the government of the Republic of Chinain 1992, the original "silver dollar and silver dollar exchange certificate issuance method" was abolished, as the source of the national currency silver dollar issuance law. As the national currency is issued by the central bank in accordance with the provisions of the central bank law, the "measures for the central bank to issue new Taiwan dollars" was promulgated on July 1, 2000, which stopped entrusting the Bank of Taiwan to issue new Taiwan dollars and officially designated New Taiwan dollars as the "National currency of the Republic of China"
On June 30, 2002, the "measures for the central bank to entrust the Bank of Taiwan to issue new Taiwan dollars" was abolished, and the circulation of new Taiwan dollars originally entrusted to the Bank of Taiwan was suspended from July 1, 2002that is to say, 20 million Taiwan dollars is about 4273960 RMB yuan.
what the Taiwan authorities call the "Central Bank of the Republic of China": http://www.cbc.gov.tw/
wikinet "New Taiwan dollar" entry: http://zh.wikipedia.org/wiki/%E6%96%B0%E5%8F%B0%E5%B8%81
} if I can't get it on, my album has the fifth set of NT $designs. However, since 1945, Taiwan has used nine sets of currency (three sets of old Taiwan dollars, one set of Jinmen Mazu Dachen special currency and five sets of new Taiwan dollars). If you need more, you can contact us again<
the following excerpt from wikinet:
New Taiwan dollar
wikinet, the free Internet book
New Taiwan dollar, the legal tender of the Republic of China after its withdrawal to Taiwan, was issued and circulated on June 15, 1949, with ISO 4217 code name TWD (or NT $, NTD, Taiwan dollar for short)
its basic unit is "circle", but it is usually written as "Yuan", which is often called "block" in colloquial. 1 circle = 10 corners = 100 minutes
the current coin units include: 5 cents, 1 yuan, 5 yuan, 10 yuan, 20 yuan and 50 yuan. The paper money units are: 100 yuan, 200 yuan, 500 yuan, 1000 yuan and 2000 yuan. The circulation of 50 cents is small, in fact, it is less used, so usually the minimum unit of cash transaction is 1 yuan. For example, a 3.5 yuan stamp is sold for 4 yuan (but two stamps are sold for 7 yuan, of course); Deposit interest is also rounded to one yuan. However, if necessary, 5 jiao can also be used as the medium of transaction, but 5 jiao can not be used more than 100 pieces at a time<
table of contents [hidden]
1 brief history
2 current currency version in circulation
3 related items
4 external links
[Edit]
brief history
the NT $1 million banknote issued ring Taiwan's inflation in 1948, formerly known as the old one, was issued on May 22, 1945. At the beginning, the old Taiwan dollar was defined as a kind of transitional currency. The Taiwan dollar of the Japanese government was exchanged with the Taiwan dollar of the national government one to one. Since the postwar financial situation in Chinese mainland was unstable, Taiwan did not use the legal yuan and gold certificates that were then used in Chinese mainland, and the other issue was Taiwan dollar.
the official statement about the reasons for issuing the new Taiwan dollar is that the financial crisis broke out in Shanghai in 1948, which led to the sharp depreciation of the old Taiwan dollar and the sharp rise of Taiwan's price level
however, another version about the reasons for issuing the new Taiwan dollar points out that in the early days of the so-called recovery of Taiwan, the KMT collected some livelihood materials in Taiwan, such as sugar and rice, to the mainland of China for so-called suppression of the Communist Party, resulting in a shortage of domestic biological resources in Taiwan, As a result, the price of rice in Taiwan was even higher than that in Shanghai (at that time, rice was proced in Taiwan but not in Shanghai). As a result, Taiwan's currency was inflated and devalued rapidly in three markets a day. Even with money, it might not be able to buy rice
on June 15, 1949, Taiwan officially issued the new Taiwan dollar, stipulating that 40 000 old Taiwan dollars would be converted into 1 New Taiwan dollar, becoming the legal tender of the Republic of China today. In addition, in order to meet the special needs of Kinmen, Matsu, Dachen island and other battlefields, new Taiwan dollar coupons restricted in circulation in these areas have been issued, but now they have been cancelled
before the NT $1000 was issued in 2000, it was issued by the Bank of Taiwan entrusted by the central bank in accordance with the "measures for the central bank to entrust the Bank of Taiwan to issue new Taiwan dollars in Taiwan". The central bank entrusted the Bank of Taiwan to issue new Taiwan dollars with the words "Bank of Taiwan" printed on it, and the legal status was compared with the national currency. In 2000, the "measures for the central bank to issue new Taiwan dollars" was promulgated, the "measures for the central bank to entrust the Bank of Taiwan to issue new Taiwan dollars" was abolished, and the new Taiwan dollar was officially designated as the national currency. The national currency is issued by the central bank in accordance with the "central bank law". The entrustment of the Bank of Taiwan to the national currency is stopped, and the words printed on the national currency are changed to "central bank". At that time, some people questioned whether the move was an extension of the proposition that "the Republic of China is a sovereign and independent country in Taiwan". The government's official response was that since the central bank resumed business in Taiwan on July 1, 1968, the issuing unit of new Taiwan dollar was legally the central bank, while the Bank of Taiwan was only the entrusted unit, and the printing of "Bank of Taiwan" was a long-term misunderstanding
on July 20, 2005, the version of 1000 yuan and 500 yuan was revised again, adding the light and shadow change foil film, which was originally only available for 2000 yuan, and the safety line was changed to light and shadow change foil film safety line. The 500 yuan brush gets deeper
My Album: http://photo.163.com/photos/mapofroc/