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 Taiwans
"Just because China and South Korea are banning, doesnt 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?
I'm pretty much doubtful about boosting the Taiwan's economy, it could only help a little bit.
I don't see Taiwan as the country with favorable conditions for cryptocurrencies and ICOs like Australia or Switzerland.