Taiwan’s Crypto Future
Taiwan’s economy has taken a hit due to lowered demand for its number one export and repercussions of the Chinese Mainland’s zero-COVID policies. How has that shifted the Taiwanese government’s attitude towards crypto?
Welcome to The Daily Forkast – November 17, 2022 – presented by Joel Flynn.
Recent GDP data showed that Taiwan’s economy is doing better than expected, but demand for the country’s biggest export – microchips – has been hit hard. As global inflation continues to be a big contributor to the hit on the country’s number one export, so too has the zero-COVID policy in the Chinese mainland.
All of this has prompted many in Taiwan to call for a greater pivot towards crypto and Web3. We’ll be taking a closer look at that in this episode.