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FSC ramps up fight against credit card fraud
Discover how Taiwan’s Financial Supervisory Commission is stepping up its game against credit card fraud with new measures to protect consumers from phishing scams and unauthorized transactions. Learn about the enhanced security steps being taken.2024/05/01 17:12 -
17 arrested for virtual currency election bets
Yunlin County Police Bureau cracked down on an illegal gambling operation that accepted bets on the outcome of the presidential election using virtual currency. Seventeen bettors were arrested, and police confiscated approximately NT$171,661 in gambling funds. The individuals were arrested for violating the Presidential and Vice Presidential Election and Recall Act. Eight of those detained were released after questioning, but the remaining nine were retained for further summons. The illicit betting was discovered when the Yunlin police’s internet patrol unit spotted a decentralized betting platform called Polymarket, which had set up betting pools for three presidential candidates. The online players could place bets on event outcomes using USDC, a virtual currency, from their own digital wallets.2023/12/16 14:49