The new President of the Central Bank of Taiwan in favour of the introduction of the blockchain

The Central Bank of Taiwan promises to examine how the blockchain technology can improve the work of financial organization.

In a short speech at the ceremony
the solemn inauguration of the Yang Chin-long (Yang Chin-long), the new President of the Central Bank of Taiwan, said that his organization will pay more attention and stay open to the rapidly developing financial technology, including big data and technology of the distributed registry.

The new President of the Central Bank also admitted that these new technologies have not yet had a significant impact on the financial system of Taiwan, however, they can change the currency policy of the state and its payment industry. He also noted that during his tenure, the Central Bank will consider the possibility of using the blockchain to enhance the safety and efficiency of the electronic payment system of Taiwan.

This statement is essentially the first case when the Central Bank of Taiwan has expressed interest in using the technology of the blockchain in its financial system. However, government officials repeatedly made statements regarding cryptocurrencies. In February, Vice-President of administration of Taiwan urged
to prepare for the collapse of cryptocurrencies, and in October last year, the Chairman of the Committee for financial supervision of the island offered
to support digital currencies and blockchain, similar to Japan.

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