Taiwan: government urged to consider cryptocurrencies

A Taiwanese official has urged the government to explore different ways to tackle the influence of the cryptocurrency market on the island's financial stability.

Speaking at a seminar hosted by the Taiwan Academy of Banking and Finance, Vice-President Shi Junji discussed the financial implications of cryptocurrencies and the potential development of regulation.

According to a government report, Shi Junji said that, with the rapid growth and worldwide popularity of virtual currencies, the Taiwanese government should develop policies to deal with their impact on the financial sector.

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