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ToggleThreads at a Glance, Intelligence Evaporates
Recently, the Threads account @bird.caged wrote: "Several major cryptocurrency communities have been blown up, due to the Financial Supervisory Commission requesting LINE to delete them. Currently, MAX, Elite Trading Academy's community, and several small and medium-sized communities have been destroyed. It seems Taiwan is becoming increasingly unfriendly to cryptocurrencies, and we should find an opportunity to develop abroad." And in the comments section added: "The Financial Supervisory Commission and the Police Department jointly requested LINE to delete communities related to cryptocurrencies, USDT, and other keywords."
The statement seems convincing but lacks substantial evidence. However, the sensational content has already stirred up the community, with many traders on Threads expressing dissatisfaction without proper judgment. Nevertheless, it's important to remind that stock trading groups are not allowed, and contract trading groups are even more illegal in Taiwan. A KOL with a legal background, Liang Zi, questioned: "Before any official document, ruling, or public information from the Financial Supervisory Commission, I'll put a question mark."
Legislator Huang Jie and Bit Exchange: Government Deleting Crypto LINE Groups is Fake News
KOL Ghost Water sought verification from legislator Huang Jie, and both the Financial Supervisory Commission and the Police Department confirmed that this was not true. He also consulted with the compliant Taiwanese exchange Bit, and Bito confirmed after checking with the authorities that they had not contacted LINE's official channels and had not requested the deletion of any cryptocurrency-related groups, urging everyone not to believe unverified information.
Regarding this, Lin Xiaomai, editor-in-chief of Taiwan's blockchain media Crypto City, stated from a media perspective that the first thing to do when seeing such news is to confirm the source. If groups are deleted without verification and without a reliable source, how can one definitively attribute it to the Financial Supervisory Commission?
As for whether this is stifling cryptocurrency in its infancy or simply removing potentially non-compliant groups, he cited the Taiwan Virtual Currency Business Association's (TWVASP) customer protection self-regulation guidelines from last year, which clearly specify advertising restrictions including:
- Prohibiting exaggeration and misleading information:
- Advertisements must not contain exaggerated, deceptive, or misleading content.
- Cannot arbitrarily predict currency price fluctuations or promise guaranteed profits.
- Strictly forbidden from using exaggerated words like "minimum", "best", or "only".
At this point, it has been basically confirmed that the first internet celebrity to spread this news cited unverified information to arbitrarily accuse the Financial Supervisory Commission and Police Department. The author recalls a previous article mentioning that in today's society, the most easily uncontrollable discussions often revolve around gender, politics, and religion. Once these topics are raised, rational dialogue quickly turns into hostility and division. This is not because these issues cannot be discussed, but because they are highly tied to individual identities. Therefore, KOLs might politicize all issues to gain traffic, even if the content is not guaranteed to be true or is fabricated.
Manufacturing fake news is one thing, but the behavior of traders reposting without fact-checking also raises doubts. Can people without even basic media interpretation skills really help users make money? It's also a lament that in this era, truth and falsehood may not matter anymore. Everyone is only looking at traffic, which is pitiful.
Risk Warning
Cryptocurrency investment carries high risk, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
