Taiwan, politics supports Fintech

Forbes publishes Rachel Wolfson’s interview with Jason Hsu, a member of the Taiwan Congress. The journalist explains the island is becoming a worldwide reference point for blockchain and cryptocurrencies.
Hsu reveals a bipartisan parliamentary coalition is working for this purpose and next weeks it will publish the guidelines for the regulation of the sector.
The Taiwan initiative is agreed with other major Asian players such as Japan, Korea, Singapore and Hong Kong.
These principles include: regulatory abidance, information transparency,prudent administration, operational risk management and market, liquidity and credit risk management.
According to Hsu, Taiwan will receive 200 worldwide companies.