President of Yangmingshan Future Society: Taiwan's supervision of virtual currency lags behind

In response to the development of financial technology (Fintech) in Taiwan, China, Ye Kuangshi, chairperson of Yangmingshan Future Society, attended the "Financial Technology Industry Summit" today and said that although Taiwan emphasizes the development of the technology industry, its thinking in the financial technology blockchain lacks the ability to keep pace with the times, especially when the establishment of the regulatory system is a little behind. A while ago, government departments even kicked each other. It was not until the Securities Exchange Commission began to approve virtual currency ETFs that Taiwan's "Financial Regulatory Commission" began to agree to regulate virtual currencies, and there is still room for improvement. Looking back at the development trajectory of all industries, after the rise of an emerging industry, it will go through the process of popularity, large-scale investment, bubble, elimination, tempering, and stabilization. The current development of financial technology in Taiwan is beginning these processes.