Introduction of “Bitcoin” on the Facebook page of the Judicial Yuan of Taiwan, reminding to guard against cryptocurrency scams on the occasion of Bitcoin’s Genesis Block Anniversary.
Every year, 1/3 is “Bitcoin Genesis Block Anniversary”. On January 3, Taiwan’s Judicial Yuan Facebook page released a post introducing Bitcoin briefly, mainly to remind the public to be aware of cryptocurrency scams.
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Taiwan’s Judicial Yuan warns of risks and scams of cryptocurrencies
Protecting oneself from cryptocurrency scams
Taiwan’s Judicial Yuan states that the anonymity and convenience of cryptocurrencies provide a breeding ground for scams and illegal transactions. Investment fraud and money laundering are the most common forms of crimes in the field of cryptocurrencies. Fraud groups spread false information through social media and dating apps, attracting users to invest and subsequently steal their assets. In order to combat these new types of technological crimes, the Taiwanese government has established specialized technology investigation centers nationwide and collaborated with virtual currency exchanges to enhance monitoring and tracking of illegal financial activities.
Faced with the risks of cryptocurrencies, Taiwan’s Judicial Yuan reminds the public to remain vigilant and carefully evaluate seemingly enticing investment opportunities. In the event of a fraud incident, one should immediately contact relevant departments for assistance. Through these measures, we can enjoy the convenience brought by cryptocurrencies while also protecting ourselves from potential financial fraud.
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The rise of Bitcoin and cryptocurrencies undoubtedly brought unprecedented changes to the global financial system. However, as these new technologies become more prevalent, we must also confront the new types of crimes and challenges they bring. This release by Taiwan’s Judicial Yuan not only provides us with an understanding of cryptocurrencies but also reminds us to remain alert in this rapidly changing world.
Taiwan
Judicial Yuan
Bitcoin
Further reading
Developments in Asian Cryptocurrency Regulation | Hong Kong and Singapore Becoming Top Choices for Cryptocurrency Companies? Taiwan’s Cryptocurrency Bill Draws Attention
Taiwan Presidential Candidate’s Second Policy Forum | Kuomintang Presidential Candidate Hou Yu-yi: “Cracking Down on Fraud” Requires Regulation of Virtual Currencies
