THELOGICALINDIAN - Taiwanese Congressman Jason Hsu is on a mission to about-face the island nation into a hub for blockchain tech and cryptocurrency
Jason Hsu, the man dubbed the ‘Crypto Congressman’ by Ethereum founder Vitalik Buterin, is on a mission to about-face Taiwan into a technological powerhouse, accurately in the fields of basic bill and blockchain.
Since acceptable an official Member of Parliament in 2016, Hsu has worked to advance initiatives apropos free vehicles, cybersecurity, and the agenda abridgement — all in an accomplishment to advice abutting the gap amid accessible action and technology.
Now, Hsu is active to accompany crypto and blockchain to the forefront.
Aside from ablution a self-regulatory article to advice begin barter regulations, the alleged Crypto Congressman helped adapt a affiliation to abutment the blockchain industry.
Hsu’s assignment back it comes to cryptocurrency and blockchain has absolutely not gone unnoticed.
Hsu acquired bulge afterwards penning and announcement the Fintech Innovation Experimentation Act aftermost year. The act would give banking technology start-ups the adeptness to administer to accomplish on a three-year balloon period.
A final adaptation of the bill that included added legislator’s drafts was passed at the appendage end of December. Hsu said the legislation would “usher in a new era for Taiwan’s banking technology.”
In a contempo interview, Hsu said his eye is now on drafting guidelines that will advice exchanges adapt themselves in Taiwan, absorption on elements like advice transparency, acclaim accident management, and advisable administration.
Earlier in the year, Taiwan introduced a string of regulations that were advised to action money laundering, but authorities did not arresting that a total ban on agenda currencies was coming.
Hsu believes regulations charge be allowable with an accessible apperception back technology is “evolving exponentially.”
He says governments should anticipate about how to actualize an ambiance area citizens can feel like blockchain is afar of the circadian lives, and again try to adjudge how to get the technology to developing countries.
Taiwan’s aboriginal public blockchain hearing, advised to get altercation abounding about broadcast ledgers, took abode in 2016, but Hsu said apprenticeship about the technology is still bare to accomplish abiding the accessible and governments apperceive how to “behave in a acquainted way.”
One of Hsu’s affairs for Taiwan is the development of a “special bread-and-butter zone” in the country that would serve as the address for 200 blockchain companies.
According to Hsu, affairs are in the works to body a Taiwanese all-around ID that would accomplish it accessible for visas to action on the blockchain.
Hsu additionally has done an all-encompassing bulk of traveling to articulation his account for banking addition and disruption.
He afresh visited entrepreneur Peter Thiel in California to allocution about the centralizing of mining power, and has accustomed talks and speeches in and alfresco of Taiwan.
Hsu is additionally adequately affable with Buterin, accepting been alien afterwards about allurement the Ethereum architect to abutment blockchain and cryptocurrency in Taiwan.
For Hsu, Buterin represents ‘one of the few bodies larboard in the industry that charcoal accurate to the ethics that blockchain and crypto were congenital upon.’
What do you anticipate about Congressman Hsu’s affairs for Taiwan? Let us apperceive your thoughts in the comments below!
Images address of Jason Hsu (Twitter), Shutterstock.
