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.