Taiwan will not regulate against ICOs and crypto

Unlike China and South Korea, Taiwan will not regulate against ICOs and cryptocurrencies
06 October 2017   819

Taiwan will not follow the paths of China and South Korea: the county is not to regulate against ICOs and cryptocurrencies. 

Today, Financial Supervisory Commission chairman Wellington Koo pledged to leave "space open" for the development of cryptocurrency and distributed ledger technology in Taiwan, as reported by international.thenewslens.com.

Just because China and South Korea are banning, doesn’t mean that Taiwan should follow suit – there is a huge opportunity for growth in the future. We should emulate Japan, where they treat cryptocurrency as a highly regulated, highly monitored industry like securities.
 

Wellington Koo
Financial Supervisory Commission chairman

Philipp Pieper, co-founder of Swarm Fund, a U.S.-based platform focused on attracting alternative funding for high-risk assets such as distressed real estate through tokenization, argues that "crypto is here to stay in some form, whether its fiat money and crypto in a hybrid or crypto only". The man continues, claiming that "if you don't realize that as a reality then you are shutting yourself down for future compatibility as a country or a company. There is a real systems competition that is happening where smaller more agile countries can outpace other countries in terms of their stance".

Waht the future has in stock for Taiwan, remains to be seen. What's important, is that Taiwan made a start.

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Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   77

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.