Share this article
Taiwan's New Central Bank Chief Eyes Blockchain Boost
The incoming head of Taiwan's central bank has promised to explore how blockchain technology might help improve its operations.
By Wolfie Zhao
Updated Sep 13, 2021, 7:37 a.m. Published Feb 27, 2018, 5:30 a.m.
Taiwan's central bank is promising to explore how blockchain technology might help improve its operations.
In a rather brief speech at his inauguration ceremony Monday, Yang Chin-long, the new governor of Taiwan's central bank, said his agency will seek to pay closer attention and remain open-minded on the rapid development of financial technology, including Big Data and distributed ledger technology.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Yang further acknowledged that such emerging technologies, while not having a material impact on Taiwan's existing financial system so far, could nonetheless reshape the island's currency policy and its payment industry.
He went on to comment that, during his tenure, the central bank will consider utilizing blockchain to improve the security and efficiency of Taiwan's electronic payment system.
The remarks come as perhaps the first time that the central bank of Taiwan has indicated an interest in applying the nascent technology's benefits to its financial system.
As reported by CoinDesk, in late 2016, a consortium of Taiwanese financial institutions has already been formed to develop consumer-facing payment platforms powered by Microsoft's Azure blockchain-as-a-service platform.
The effort, joined by six financial institutions came under the sandbox regulatory initiative penned by Taiwan's regulators at the same time.
Taiwan currency image via Shutterstock
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Bitcoin trails polar opposites, gold and copper, as 'fear and AI' trade lifts tangible assets
Gold and copper have outperformed other major assets this year, with gold rallying more than copper.
What to know:
- Gold and copper have outperformed other major assets this year, with gold rallying more than copper.
- Bitcoin has underperformed, failing to attract both fear-driven and AI-driven investment, highlighting a shift towards tangible assets.
- The divergence in performance between gold and copper reflects market bets on both AI-driven growth and systemic financial fears.
Top Stories
