Every day, countries and decision makers alike inch closer to solidifying their stance on blockchain. Some have recognized the transformative impact of distributed ledger technology and adopted a warm, loving embrace, while others have turned a cold shoulder.
Taiwan has generally maintained a progressive view. While it hasn't exactly been an unconditional endorsement, Taiwanese lawmakers have made an effort to draft supportive policies, and more importantly, release definitive ICO guidelines that would allow the country's crypto and blockchain landscape to thrive in the long run.
Taiwan's Financial Supervisory Commission (FSC) stated that it "has no intention of curbing the creativity and productivity associated with cryptocurrencies if they are not used as securities.”
The ball has already been set in motion. Presumably by mid next year, blockchain and crypto startups around the world seeking a favorable regulatory regime that draws upon inspiration from both French and American legislation can look no further than Taiwan.
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