Chairman of Yangmingshan Future Society: Taiwan is lagging behind in regulating virtual currencies
Regarding the development of financial technology (Fintech) in Taiwan, Ye Kuangshi, director of the Yangmingshan Future Studies Society, attended the "Financial Technology Industry Summit" today and said that although Taiwan emphasizes the development of the technology industry, its thinking in financial technology and blockchain is somewhat outdated, especially in the establishment of regulatory systems. Recently, government departments even kicked the ball back and forth until the US Securities and Exchange Commission began approving virtual currency ETFs, and Taiwan's "Financial Supervisory Commission" began to agree to regulate virtual currencies, leaving room for improvement. Looking back at the trajectory of all industry development, after the emergence of a new industry, it will go through processes such as popularity, large-scale investment, bubble, elimination, refinement, and stability. The development of financial technology in Taiwan is beginning these processes.
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