Taiwan’s Financial Supervisory Board (FDK) has announced that it supports the widespread adoption of ICOs, digital currencies and blockchain technology in the country.. With this statement, we can see that Taiwan’s view of cryptocurrencies is similar to Japan and contradicts China-South Korea.
According to The News Lense, Nationalist Party congressman Jason Hsu< FDK chairman Wellington Koo, speaking on the subject in response to /strong>’s question, showed the Taiwan government’s perspective on cryptocurrencies with his moderate statement. He said that a complete ban would not be introduced.. Going a little further, Koo claimed that the Taiwanese government will support entrepreneurs who want to experiment with Blockchain and digital currencies. He said he would accept. The law will allow any financial technology (fintech) activity and Blockchain company to have freedom in the country’s industry.
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“Just because China and Japan are banning it, there is no such thing as Taiwan will ban it either.. There is a very good opportunity to grow in the future. We should take as an example Japan, where cryptocurrencies are regulated within the law and the crypto money market is under strict monitoring.”
The Situation in Other Countries
The Chinese government recently introduced an illegal currency. announced that it banned ICOs on the grounds that it was a collection method. South Korea followed this move of China before it was too late.
Japan, maybe it will be a bit ambitious, may be the most developed country in terms of crypto money in the world right now.. Japan, which already has a huge share of 50% on a global basis, is the world leader in Bitcoin exchanges.. But beyond that, the government’s approach to cryptocurrencies and blockchain technology is exemplary to other countries.. You can find news about Japan here.
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