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Taiwanese lawmaker proposes cryptocurrency rule update

Oct 29, 2018 by The Passage Team
Taiwanese lawmaker proposes cryptocurrency rule update

Taiwanese legislator Jason Hsu, Taiwan's "Crypto Congressman", has published a list of policy recommendations to help cryptocurrency startups, pushing for more modernised regulation around the technology of token sales.

Among the regulation recommendations, Hsu called for the Ministry of Economic Affairs (MOEA) to create a new business category, as well as a new legal framework for security tokens.

Hsu also urged the Taiwanese legislature's Finance Committee to issue guidelines for initial coin offerings (ICOs) with a focus on consumer protection. His proposal comes just days after the nation's financial regulator announced it would set up ICO regulations within the next eight months.

Source: Coindesk

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