At a meeting with lawmakers this week, Taiwan's new central bank governor, Yang Chin-Long, was asked whether Taiwan's central bank, like some national banks in other countries, plans to issue its own cryptocurrency and what the bank's cryptocurrency policy will be in the near future.
According to the Taiwanese publication Apple Daily, Yang Chin-Long would like to use cryptocurrency as a means of payment, but due to its volatility and speculative nature, this is not possible for him.
In addition, Yang Chin noted that no central bank has officially issued a legal cryptocurrency yet, but there are several attempts at such an issue in the development stage.
The Central Bank of Taiwan is currently monitoring trends and conducting its own experiments, although they are not related to the issuance of Taiwanese cryptocurrency. The central bank is considering the use of new technologies such as artificial intelligence to process large databases and is exploring ways to improve the security and efficiency of payment systems using decentralized blockchain technology.
According to https://www.ccn.com
You May Also Like
How can Trump's debts affect the price of Bitcoin?
Controversial internet pirate and Bitcoin enthusiast Kim Dotcom is urging everyone to invest in gold and Bitcoin as the US government increases its debt by $1 trillion every year and will not be able to pay it off. According to Dotcom, debt will destroy the United States and create a global economic collapse.
The IMF recognizes the potential of blockchain, but remains neutral
At the Singapore Fintech Festival, Ripple CEO Brad Garlinghouse and Deputy General Counsel of the International Monetary Fund (IMF), Ross Lekkow discussed the prospects of fintech and blockchain. Like a true politician, Ross Lekkow said a lot during the half-hour conversation, but nothing concrete that would clarify the IMF’s position.
