The Taiwan Judicial Yuan's Facebook page introduces "Bitcoin" on the anniversary of the creation of the genesis block, reminding to guard against cryptocurrency scams.

Every year, 1/3 is "Bitcoin Genesis Block Anniversary." On January 3rd, the official Facebook page of the Judicial Yuan in Taiwan posted a message introducing Bitcoin briefly, mainly to remind the public to be cautious of cryptocurrency scams.

Taiwan Judicial Yuan Warns of Risks and Scams in Cryptocurrency

The Taiwan Judicial Yuan has stated that the anonymity and convenience of cryptocurrency have provided fertile ground for scams and illegal transactions. Investment fraud and money laundering are currently the most common forms of crime in the cryptocurrency field. Fraudulent groups use social media and dating apps to spread false information, attracting users to invest and subsequently stealing their assets. In response to these new types of tech crimes, the Taiwan government has established specialized technology investigation centers nationwide and has been working with cryptocurrency exchanges to enhance monitoring and tracking of illegal financial activities.

Protecting Oneself from Cryptocurrency Scams

Faced with the risks of cryptocurrency, the Taiwan Judicial Yuan reminds the public to remain vigilant and carefully assess seemingly attractive investment opportunities. In the event of a scam, individuals should immediately contact relevant authorities for assistance. Through these measures, we can enjoy the convenience that cryptocurrency brings while also protecting ourselves from potential financial fraud.

The rise of Bitcoin and cryptocurrency has undoubtedly brought unprecedented changes to the global financial system. However, with the proliferation of these new technologies, we must also confront the new types of crimes and challenges they bring. This release from the Taiwan Judicial Yuan not only provides us with an understanding of cryptocurrency but also reminds us to stay vigilant in this rapidly changing world.