Its official, Taiwan is now following the foot step of Japan by Encouraging cryptocurrencies.
Saw this on the news; as stated byJason Hsu, a congressman from Taiwan’s
"Just because China and South Korea are banning, doesn’t mean that Taiwan should follow suit – there is a huge opportunity for growth in the future. We should emulate Japan, where they treat cryptocurrency as a highly regulated, highly monitored industry like securities."
Guys, What's your opinion on this?
Will this changes really boost the economy of Taiwan as they have stated?
Banning ICOs outrightly without first understudying what its all about and identifying the good and the bad by doing their own independent analysis of the subject matter will only send one message and that is they are mere stooges of China. This is not to say they won't still ban ICO as that is what anybody should be prepared for but my thinking is that they would prefer to regulate by putting necessary conditions in place and if all that didn't work, they can consider the option of banning.
