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 challenges does Taiwan face in transitioning from its traditional economic pillars?

How has the government responded to the rise of fintech and blockchain technologies in Taiwan?

What is the significance of the financial technology experimentation and innovation bill?

What are the potential implications of the government’s passive stance on ICOs?

In what ways can Taiwan position itself as a hub for ICO trading in Asia?