Ethereum Inventor Vitalik Buterin Receives Employment Gold Card from Taiwan
Vitalik Buterin, the inventor of Ethereum, has been granted an “Employment Gold Card” by Taiwan in an effort to attract foreign talent to the country’s budding crypto sector. With this special visa program, Buterin can reside in Taiwan for up to three years and work without any restrictions.
Key Points:
– Buterin has been a vocal supporter of Taiwan’s blockchain industry and has visited the country multiple times.
– Last year, he appeared on the Innovative Minds podcast with Taiwan’s Minister for Digital Development, Audrey Tang, to discuss blockchain technology and its global impact.
– Buterin received his Employment Card from Tang during the Plurality Taipei conference, where they discussed digital democracy and online discourse challenges.
– The Employment Gold Card will facilitate Buterin’s future visits and work in Taiwan.
– Taiwan’s government aims to support its emerging blockchain sector by attracting crypto leaders like Buterin.
Taiwan Prepares for Hong Kong-Style Crypto Regulations
Taiwan is also taking steps to regulate its crypto sector and establish clear rules for crypto firms. The Financial Supervisory Commission (FSC) will have the responsibility of overseeing the industry, according to the anticipated regulatory framework announced in March.
Key Points:
– The FSC has outlined 13 principles that will guide its approach to crypto regulation.
– Cryptocurrency exchanges will be required to register with the FSC and comply with anti-money laundering regulations.
– Consumer protection measures, such as mandating hot and cold wallet ratios and requiring insurance against user losses, are proposed.
– The FSC looks to Hong Kong as a model for Taiwan’s crypto regulation, particularly its Virtual Asset Service Provider licensing framework.
– The FSC also suggests banning stablecoins pegged to the Taiwanese dollar and restricting foreign exchange advertising.
– Taiwan’s Ministry of Economic Affairs is drafting an amendment to existing legislation to foster self-regulation through the establishment of new industry associations.
Hot Take:
Taiwan is making significant efforts to attract foreign talent and regulate its crypto sector, with the Employment Gold Card granted to Vitalik Buterin being a prime example. By leveraging the expertise and influence of crypto leaders like Buterin, Taiwan aims to position itself as a hub for blockchain innovation. The proposed regulation, taking inspiration from Hong Kong’s framework, shows Taiwan’s commitment to establishing a clear rulebook for the crypto industry. This proactive approach demonstrates Taiwan’s determination to foster a thriving and regulated blockchain ecosystem.
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