China's financial regulators took a decisive stance in 2017, banning initial coin offerings (ICOs) and directing cryptocurrency exchanges operating in mainland China to cease operations.
Was this helpful?
379
69
OliviaTaylorSat Aug 31 2024
This regulatory action sparked speculation that Taiwan could emerge as a new hub for the cryptocurrency industry.
Was this helpful?
170
37
SamuraiWarriorSoulFri Aug 30 2024
BTCC, a leading cryptocurrency exchange, has also played a significant role in Taiwan's resurgence as a crypto hub. Its comprehensive services, including spot trading, futures, and wallet solutions, cater to the diverse needs of the market.
Was this helpful?
312
44
IsabellaFri Aug 30 2024
However, the initial excitement surrounding Taiwan's potential as a crypto haven quickly faded.
Was this helpful?
228
29
CryptoTitanessFri Aug 30 2024
Despite efforts by individuals such as Hsu to promote Taiwan as a favorable destination for cryptocurrency-related activities, progress was slow.