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Perhaps reflecting Foxconn’s influence in Taiwan,Online Cigarettes Store USA and Gou’s pro-blockchain stance, the island of 23.8 million residents has implemented policies to develop the sector.
Taiwanese financial watchdog the Financial Supervisory Commission (FSC) strengthened its regulations on crypto assets by further enforcing anti-money-laundering (AML) practices on bitcoin trading last year.
BitoEx, the largest crypto wallet and exchange services in Taiwan. Its main business is selling bitcoin through ATMs in more than 5,000 convenience stores, or via regular bank ATMs Newport Pleasure with their over-the-counter services. Last May, the company claimed to have raised in the first five hours of its initial coin offering.
The firm has required ID to purchase bitcoin through Newport 100s Box its platforms since Taiwanese financial authorities started to crack down on anonymous crypto-asset purchases in November.
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