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Not Made in China: Taiwan Shows Support to ICOs

What happened

Taiwan’s Financial Supervisory Commission (FSC) has expressed its support to ICOs, cryptocurrencies and blockchain.

Why is it important

Asian market – a golden mine for crypto industry – is splitting into two. Mainland China and South Korea went on a ban side, while Japan and now Taiwan show positive approach.
“Just because China and South Korea are banning, doesn’t mean that Taiwan should follow,” – what an attitude!

What does it mean for me

If you are in Taiwan and working in crypto – you are in a safe harbour for now! The government seems to take a fintech sandbox approach for cryptocurrency and blockchain startups in a deregulated space.

What can we learn from it

  • When one door closes, another opens somewhere – and looks like more of those doors are opening for Chinese crypto investors these days.
  • It’s good to see that Chinese and South Korean ban did not trigger a single-angle chain reaction against ICOs.
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