This coin was minted for the island Taiwan, a long disputed island in East Asia claimed by the Peoples Republic of China but governed independently by the Republic of China.
Taiwanese startup Maicoin has launched a system that lets users buy bitcoin at 10,000 convenience stores in the territory, both over the counter and at in-store terminals.Maicoin founder and CEO Alex Liu said foreign workers using bitcoin for remittances would benefit from the over-the-counter service, as it does not require users to have a bank the smallest denomination of the Japanese yen currency.The first Japanese one-yen coin was minted in 1871, and was made out of silver.In Taiwan, official documents use the 1911 founding of the Republic of China as a reference point in establishing the date.While the country lies only 100 miles off the mainland of China, official records of Chinese visits to the territory that is now Taiwan date only to about the third-century A.
The island was taken over by Dutch settlers in 1622.
It was only the last 100 years when the country fell apart due to its corrupted internal affairs as well as foreign invaders coming into the country, virtually tearing the country apart.
It took well over half a century to reunite the messed up country.
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The reverse had a radiant sun surrounded by a wreath, with the chrysanthemum emblem (a symbol of the Japanese Imperial Family) flanked by two seals of the Japanese government.
Two years ago, dating site Ok Cupid began accepting the digital currency bitcoin as payment.