Yang Chin-long, the new governor of Taiwan’s central bank, indicated in a speech yesterday, Feb. 26, that the bank would be open to exploring Blockchain technologies.
At the end of January, Taiwanese capital Taipei had announced that they intended to turn into a
utilizing Blockchain for providing technological advances like pollution sensors and health history tracking to citizens by partnering with IOTA.
During his speech at the presidential handover ceremony, Yang Chin-long said that the central bank will be open to
[adopting] artificial intelligence technologies and big data analysis to better predict and analyze global economic conditions:
In addition, the bank will also try to explore the feasibility of enhancing the security and efficiency of payment systems using decentralized ledger technology [Blockchain].
In October of 2017, Taiwan’s Financial Supervisory Commission (FSC) publicly announced its support for Initial Coin Offerings (ICO), cryptocurrencies, and Blockchain in the country in a move to counter the strict crypto regulations in China and South Korea.
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