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Is virtual currency legal in Taiwan

Publish: 2021-03-31 11:53:35
1.


although bitcoin still has great risks, after years of development, with the increase of its application population, application scenarios and application technology, no country or organization can completely eliminate it. If you can figure it out, it is likely that countries will generally accept bitcoin and embrace it

according to my personal judgment, bitcoin, after a period of continuous development, is likely to become a world currency in the future, which can play the role of electronic gold and become the target of the value of other sovereign currencies. From this perspective, bitcoin can be used as a means of asset preservation in the future when inflation is inevitable

2.

Article 195 of the crime of counterfeiting currency (Crime of counterfeiting or altering currency or banknotes) with the intention to use it for exercise, and counterfeiting or altering currency, banknotes or banknotes in general use, shall be sentenced to fixed-term imprisonment of not less than five years and a fine of not more than 5000 yuan. The attempted offense mentioned in the preceding paragraph shall be punished

Article 196 anyone who collects or delivers forged or altered currency, banknotes or banknotes, or collects or delivers them to others with the intention of using them, shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years and may also be fined not more than 5000 yuan. A fine of not more than 500 yuan shall be imposed on those who, after receiving the counterfeit or altered currency, banknotes or bank notes, still exercise them, or deliver them to others with the intention of exercising them. In the first paragraph, the attempted offender shall be punished

Article 197 a person who intends to use the common currency to rece its weight shall be sentenced to fixed-term imprisonment of not more than five years and a fine of not more than 3000 yuan. The attempted offense mentioned in the preceding paragraph shall be punished

Article 198 a person who uses the common currency with reced weight, or collects or delivers it to another person with the intention of using it, shall be sentenced to fixed-term imprisonment of not more than three years and may also be fined not more than 1000 yuan. A fine of not more than 100 yuan shall be imposed on a person who, after receiving the money, still exercises it for the purpose of recing its weight, or delivers it to a person with the intention of exercising it. In the first paragraph, the attempted offender shall be punished

Article 199 a person who makes, delivers or receives various instruments or raw materials with the intention of forging or altering currency, banknotes or banknotes, or with the intention of diminishing the weight of currency, shall be sentenced to fixed-term imprisonment of not more than five years and may also be fined not more than 1000 yuan

Article 200 forged or altered currency, banknotes, bank notes, reced currency and raw materials of the instruments mentioned in the preceding Article shall be confiscated regardless of whether they belong to the prisoner or not

Article 5 (Application of protectionism and cosmopolitanism to foreign crimes) this Law applies to those who commit the following crimes outside the territory of the Republic of China: 1. The crime of civil strife. 2、 Foreign invasion crime. 3、 Article 135, 136 and 138 of the crime of obstructing public service. 4、 Article 185-1 and 185-2 crimes of public danger. 5、 Crime of counterfeiting currency. 6、 Articles 201 to 202 of the crime of forging securities. 7、 Article 211, 214, 218 and 216 the crime of forging documents when exercising articles 211, 213 and 214. 8、 Drug crime. However, this restriction shall not apply to the crimes of using drugs, possessing drugs, seeds, and using drugs. 9、 Article 296 and 296-1. 10、 Article 333 and 334 of the crime of piracy

3. The following is for reference
RMB can be used in Taiwan without being caught
RMB is generally accepted by some businesses in Taiwan's tourist attractions.
but it can be used in Taiwan's airport ty-free shops
Taiwan's chain hyper quotient seems to be available for Alipay now.
UnionPay cards can collect Taiwan dollars from the Taiwan teller machine.
4.

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 China

in 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, 2002

5. Some businesses in the vicinity of hotels in tourist attractions can use
most of them use UnionPay cards or credit cards
because RMB has the potential to appreciate
6. No, it is stipulated in Taiwan that it should be changed at the airport or on the mainland. 1 yuan is equivalent to 4.8 New Taiwan dollars.
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