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?
In as much as I feel China is trying to do right for her citizens, I still feel some games are just being played somehow cause I do not see the essence of banning ICOs when they can just be regulated and monitored like Japan is doing.
I know it is crazy for government breathing down the neck of ICOs since that was not even what we wanted initially, but if it can guarantee the safety of some who may be too lazy to make research before investing into an ICO, it is a fair played game.
Taiwan apparently understands the good it will bring and hopefully want to make the best use of it to improve their economy. It is still from a congressman though, so I won't really capitalize on that yet.