Taiwanese Congressman Trying to Turn Taiwan into a Technological Powerhouse

Jason Hsu, the man dubbed the ‘Crypto Congressman’ by Ethereum founder Vitalik Buterin, is on a mission to turn Taiwan into a technological powerhouse, specifically in the fields of virtual currency and blockchain.

Since becoming an official Member of Parliament in 2016, Hsu has worked to foster initiatives concerning autonomous vehicles, cybersecurity, and the digital economy — all in an effort to help close the gap between public policy and technology. Now, Hsu is laboring to bring crypto and blockchain to the forefront.

Aside from launching a self-regulatory entity to help brainstorm exchange regulations, the so-called Crypto Congressman helped organize a coalition to support the blockchain industry. Hsu’s work when it comes to cryptocurrency and blockchain has certainly not gone unnoticed.

Hsu gained prominence after penning and announcing the Fintech Innovation Experimentation Act last year. The act would give financial technology start-ups the ability to apply to operate on a three-year trial period.

A final version of the bill that included other legislator’s drafts was passed at the tail end of December. Hsu said the legislation would “usher in a new era for Taiwan’s financial technology.”

In a recent interview, Hsu said his eye is now on drafting guidelines that will help exchanges regulate themselves in Taiwan, focusing on elements like information transparency, credit risk management, and prudent administration.