Taiwan Takes Proactive Stance on Cryptocurrency, Set to Create "FinTech Sandbox"

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TheMerkle_Bitcoin Convenience TaiwanTaiwan will not regulate cryptocurrencies or initial coin offerings, following pro-Bitcoin Japan in fostering the growth of blockchain technology and encouraging economic growth. In a joint session of Parliament and the Cabinet on October 6, 2017, chairman Wellington Koo of Taiwan’s Financial Supervisory Commission announced that Taiwan would move to support the adoption of cryptocurrencies within the country and adopt a friendly stance toward blockchain technology development. The announcement came in response to a request for clarification from Nationalist Kuomintang Party congressman Jason Hsu, who had queried Koo regarding Taiwan’s official stance on cryptocurrencies. In the address, Koo stated that Taiwan would

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