Legislator Hsu Says Taiwan Can Become ICO Trading Hub

The transcript discusses Taiwan's struggle to find a new economic pillar due to competition from China in hardware. It highlights the challenges posed by regulatory barriers and bureaucracy, but also notes efforts to remove these obstacles, such as the Fintech bill. The potential for Taiwan to leverage blockchain and cryptocurrency technologies is explored, with a focus on attracting R&D centers. The government's role in regulating these technologies and the potential for Taiwan to become an ICO trading hub in Asia are also discussed.

What is one of the main reasons Taiwan struggles to find a new economic pillar?

• High cost of labor

• Competition from China in hardware manufacturing

• Lack of natural resources

• Insufficient educational institutions

What is the purpose of the Fintech bill mentioned in the video?

• To regulate the import of foreign technology

• To increase taxes on technology companies

• To ban cryptocurrency trading

• To support the development of the fintech industry in Taiwan

What is a significant barrier to innovation in Taiwan according to the video?

• Lack of skilled labor

• Poor infrastructure

• Bureaucracy and red tape

• High cost of living

What potential does Taiwan have in the field of cryptocurrency according to the video?

• Becoming a global leader in cryptocurrency mining

• Banning all forms of cryptocurrency

• Establishing itself as an ICO trading hub in Asia

• Developing its own national cryptocurrency

What is the current stance of the Taiwanese government on ICOs?

• Completely banning ICOs

• Encouraging underground ICO activities

• Actively promoting ICOs

• Passively avoiding the topic