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Taiwan’s Democratic Progressive Party won its third election in a row last weekend. The China issue was always going to overshadow the vote, but what does the election of Lai Ching-te mean for crypto?
A Harvard-educated physician, President-elect Lai Ching-te has touted the benefits of both AI and blockchain technology.
His party started doing the groundwork for cryptocurrency regulation late last year with the introduction of a digital asset bill, which passed its first review in the Legislative Yuan at the start of November.
It lays out minimum standards for exchanges and strengthens consumer protection, which has been the norm in crypto regulation across Asia.
A Harvard-educated physician, President-elect Lai Ching-te has touted the benefits of both AI and blockchain technology.
His party started doing the groundwork for cryptocurrency regulation late last year with the introduction of a digital asset bill, which passed its first review in the Legislative Yuan at the start of November.
It lays out minimum standards for exchanges and strengthens consumer protection, which has been the norm in crypto regulation across Asia.
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