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
The Prosecutor General's Office proposed equating crypto to property
The Prosecutor General's Office considers it necessary to recognize cryptocurrency as property, which will allow it to be included in proceedings under the Criminal Code of Russia.
Redistribution of zones of influence on South Korean crypto exchanges
In September, the South Korean government introduced harsh measures against crypto exchanges. The “bloody massacre” led to the fact that out of several dozen sites, less than ten remained afloat. Between the survivors, something began that can be compared to the times of the 90s, through which the business of post-Soviet countries went through.
