Taiwan Official: Government Should Prepare for Crypto Collapse

Taiwan Official: Government Should Prepare for Crypto Collapse

A senior Taiwanese official is urging the government to prepare policies to tackle the potential impact of cryptocurrencies on the island’s financial stability. Speaking at a seminar, hosted on Feb. 2 by Taiwan Academy of Banking and Finance, Shih Jun-ji, vice president of Taiwan’s executive branch of government, addressed issues around the financial impact of cryptocurrencies and the relevant regulatory responses. According to a government report , Shih said that amid the rapid development of cryptocurrencies in recent years, Taiwan should be proactively engaging in exploring policies to tackle the technology’s increasing influence on finance. Further, the country should […]

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