Ethereum (ETH) creator Vitalik Buterin has reportedly received a residency permit in Taiwan allowing him to live and work within the country for three years at a time.
According to a report from local Taiwanese media, the country’s digital minister has confirmed that Buterin has obtained the Taiwan Employment Gold Card.
The program aims to attract foreign professionals and entrepreneurs to Taiwan by providing them with streamlined residency and visa procedures.
“I have been to Taiwan many times before, and I like it every time. We have a very good Ethereum community in Taiwan. It will be more convenient to have a gold card to come many times.”
Earlier this year, Bloomberg reported that Taiwan was planning on making its top financial regulator, the Financial Supervisory Commission (FSC), the main overseer of the crypto asset industry. People familiar with the matter told Bloomberg that the FSC and Taiwanese politicians have been working with other government departments and speaking with representatives of the crypto industry to build a concrete plan for regulation.
Bloomberg reported that Binance Holdings, Matrixport Technologies and Woo Network LLC wrote a joint paper calling for friendlier crypto regulations that provided clarity for entities operating in Taiwan.
Says the paper, written in Chinese,
“From our observations, some markets that tried to regulate virtual assets under existing financial rules and categorizations experienced great difficulty as the rules lacked clarity and made it very confusing for business operators, authorities and customers.”Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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