‘Crypto Congressman’ ex Rep. Jason Hsu: Taiwan is losing momentum in blockchain
Taiwan’s cryptocurrency evangelist and former congressman says the island is falling behind in STO guidelines, fintech regulations and forming a tech hub.
Taiwan’s cryptocurrency evangelist and former congressman says the island is falling behind in STO guidelines, fintech regulations and forming a tech hub.
The Chamber of Digital Commerce is “gravely concerned” about how the U.S. Government is addressing technological challenges and opportunities posed by blockchain according to founder and president Perianne Boring. The U.S. could be ceding technological leadership as well as the dollar’s reserve currency status to other nations including China if it does not revamp policies…
As China, Singapore, Canada and other countries develop digital currencies in part to facilitate cross-border transactions, Ripple’s managing director of South Asia and EMEA Navin Gupta said these currencies would primarily only be used domestically.
The modern convenience of Alibaba enables rapid, on-demand consumerism that’s worth tens of billions of dollars. So what if Alibaba — and its competitors — turned the technological might that it used to develop modern Chinese consumerism over to developing modern Chinese charity?
Telecom operators are using blockchain technology for digital identity management, more efficient roaming and combating fraud.
As China’s digital currency is said to be “progressing smoothly,” Indonesia is also working on releasing their own white paper this year, according to Indonesian Blockchain Association cofounder Pandu Sastrowardoyo.
Indonesia is a country of 17,508 islands and 260 million people, including 171 million internet users. It’s a huge market, dominated by the digital economy that’s ripe for blockchain disruption.
Universities simply haven’t caught on to the need for blockchain education as they grapple with teaching other emerging technologies, such as big data or AI.
The central bank’s digital currency efforts, ironically, would give it more control over the economy.
Identification on a protocol level could help blockchain become mainstream for blue-chip companies like MasterCard, Volvo and Geely if international regulations are met. Anonymity is “exactly what is hindering wider use of blockchain,” said Concordium CEO Lone Fonss Schroder.