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The Ministry of Justice in Taiwan has expressed concerns that currencies such as Bitcoin and Ethereum could potentially influence. Bitcoin (BTC) and Ethereum (ETH)-powered “bribery” cases are on the rise in Taiwan, the nation’s justice ministry has claimed. Per the Ma Chih-wei (馬治薇), a former spokeswoman for the Taiwan People’s Party’s (TPP) Taoyuan chapter, yesterday became the first candidate in Taiwan’s history to be The government of Taiwan has signaled plans to bar crypto from its 2025 presidential elections. The move aims to curb bribery and corrupt practices. The nation’s Taiwan-based BlockTempo reported that multiple influencers and individuals in the crypto community have been subpoenaed for their participation in Polymarket contracts Taiwan's justice ministry has warned that corruption cases involving Bitcoin (BTC) and Ethereum (ETH) are on the rise in the country. The ministry stated that

Taiwan Fights Bitcoin & Ethereum Bribes Ahead of 2024 Elections

Taiwan is cracking down on potential cryptocurrency-related bribery ahead of its upcoming elections. The Ministry of Justice in Taiwan has expressed concerns that currencies such as Bitcoin and Ethereum could potentially influence the democratic process, leading to increased scrutiny and preventative measures.

Rising Concerns Over Crypto Bribery

Bitcoin (BTC) and Ethereum (ETH)-powered “bribery” cases are on the rise in Taiwan, the nation’s justice ministry has claimed. The ministry stated that corruption cases involving Bitcoin (BTC) and Ethereum (ETH) are on the rise in the country, prompting a proactive approach to safeguard the integrity of the electoral system.

First Candidate Charged with Crypto-Related Offenses

Per the Ma Chih-wei (馬治薇), a former spokeswoman for the Taiwan People’s Party’s (TPP) Taoyuan chapter, yesterday became the first candidate in Taiwan’s history to be implicated in a case involving potential misuse of cryptocurrency. This high-profile case underscores the urgency with which the government is addressing the issue.

Government Plans to Curb Crypto Influence

The government of Taiwan has signaled plans to bar crypto from its 2025 presidential elections. The move aims to curb bribery and corrupt practices, ensuring a fair and transparent election. This initiative reflects a broader strategy to prevent the misuse of digital assets for illicit purposes.

Crypto Community Under Scrutiny

The nation’s Taiwan-based BlockTempo reported that multiple influencers and individuals in the crypto community have been subpoenaed for their participation in Polymarket contracts, suggesting a widening investigation into the potential involvement of digital assets in election-related activities. Authorities are actively investigating potential links between crypto transactions and attempts to influence the elections.

Taiwan's commitment to preventing Bitcoin and Ethereum bribery highlights the global challenges of regulating cryptocurrency and ensuring its responsible use, especially in sensitive areas like elections.

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