Taiwan's NT$10,000 universal cash distribution has been finalized, with "pre-registration on November 5th." Is it time to buy Bitcoin?

The Taiwanese government announced the timing and withdrawal methods for the universal cash distribution of 10,000 New Taiwan Dollars, with five channels available for collection and enhanced anti-fraud measures to boost domestic demand and public sentiment. (Background: The New Taiwan Dollar is confirmed to be redesigned! Issuance in 2028, goodbye to Sun Yat-sen, Chiang Kai-shek, and the Formosan sika deer.) (Additional background: Special article from Guokel: Three futures of the New Taiwan Dollar stablecoin: from night market EasyCards to 'chip-based system.') This evening (23rd), the Executive Yuan of Taiwan announced a universal cash distribution of 10,000 New Taiwan Dollars under the theme 'Everyone +1, Government Support', where each eligible person will be able to receive 10,000 New Taiwan Dollars, with a dedicated website and customer service hotline 1988 also launched simultaneously. President Lai Ching-te included this program in the 'Special Budget for Strengthening Economic, Social, and National Security Resilience', expecting that the public can receive the 10,000 dollars as early as November 12. The dedicated website for the universal cash distribution of 10,000 New Taiwan Dollars can be accessed here: 10000.gov.tw. Policy motives and timeline: The Executive Yuan explained that in the face of global economic turmoil and inflation, the government decided to return tax revenue to the people to alleviate price pressure and maintain domestic demand momentum. The customer service hotline will provide consultation from 8:30 AM on October 24, and will serve daily until 6:30 PM. This universal cash distribution will benefit approximately 4.25 million households, with the policy clearly outlining three phases: Announcement, Registration, and Distribution: Pre-registration opens on November 5, official registration on November 10, and funds will be credited or available for cash withdrawal starting November 12. Five collection channels explained at a glance: The government designed five routes to ensure that people of different identities and regions can receive the funds: Registration for crediting: Pre-registration from November 5, official registration on November 10, with website traffic management to avoid congestion. ATM cash withdrawal: Starting November 17, simply insert the card and enter your ID number to withdraw. Post Office cash withdrawal: Starting November 24, individuals can handle this in person with their ID card and seal. Direct crediting: Fixed payment groups such as labor insurance pensions, national pensions, old farmer subsidies, and disability living allowances will automatically be credited by the system on November 12. Issuing lists: In remote areas such as Lion Township in Pingtung, Wanrong Township in Hualien, and Jin Feng Township in Taitung, local police units will conduct registration from October 24 to 28, with collection available at the original locations starting November 12. All individuals who have household registration, legal residency, or newborn status before April 30, 2026, are included in the distribution range, with foreign spouses and permanent residents also included, demonstrating inclusiveness towards different groups. Beware of fraud! Past experiences with universal cash distributions show that scammers often take the opportunity to strike. This program elevates 'safety' to be equally important as 'collection.' The Executive Yuan repeatedly emphasized: the government will not request transfers via SMS, email, or phone calls, nor will it instruct ATM operations. If the public receives suspicious messages, they can call 165 for anti-fraud assistance or the 1988 hotline for verification. The system employs multi-layer identity verification, with funds only credited to the applicant's account, and inter-departmental data comparison to prevent duplicate withdrawals, with complete records left at key nodes for subsequent audits. Should I buy Bitcoin? I don't know if you still remember, but during the last round of cash distribution of 6,000 dollars in 2023, it successfully stimulated short-term consumption. This time the amount has nearly doubled, and the market generally expects it to once again boost retail, dining, and tourism spending. For families, 10,000 dollars can be used to subsidize rent, utilities, or education expenses, alleviating inflation pressure; for the overall economy, hundreds of billions of dollars in cash will be released during the year-end period, injecting liquidity into local industries. If you belong to the group with little economic pressure, investing 10,000 New Taiwan Dollars in Bitcoin is also a hot topic of discussion in the crypto community. According to some institutions' long-term optimistic views on Bitcoin, BTC could rise to between 150,000 and 1,000,000 dollars in the next 5 to 10 years. Of course, investing is a personal choice, so please make a cautious decision. Related reports: The Central Bank publicly explains the 'retail CBDC' - a digital New Taiwan Dollar that everyone can use! Anonymous wallets require mobile authentication. The volatility of the New Taiwan Dollar 'far exceeds Bitcoin'! Netizens target the Central Bank's Facebook: the export industry will collapse, and Yang Jinlong is still sleeping. 'Taiwan's 10,000-dollar universal cash distribution finalized for November 5 pre-registration, is it time to buy Bitcoin?' This article was first published on BlockTempo, the most influential blockchain news media.