The Taiwan government is also discussing, but has not concluded, developing further regulations for ICOs, and it is the hope of industry proponents that the need for government oversight will be minimized through the industry’s self-regulation.
Nevertheless, it is expected that developments in other countries such as the US, Switzerland and other countries with more mature laws will be heavily referred to by the Taiwan government and self-regulating organizations in developing Taiwan’s own cryptocurrency-related rules and self-regulation model requirements.
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