Taiwanese Lawmaker Proposes New Business Category for Crypto Startups By CoinDesk

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Taiwan’s “Crypto Congressman” continued his push for more modernized regulation around the tech by proposing new rules for token sales.

On Friday, Taiwanese legislator Jason Hsu published a list of policy recommendations aimed at aiding cryptocurrency startups, including one that would see the Ministry of Economic Affairs (MOEA) create a new business category, as well as a new legal framework for security tokens.

Hsu also called for the Taiwanese legislature’s Finance Committee to issue guidelines for initial coin offerings (ICOs) with a focus on consumer protection. His proposal comes just days after the nation’s financial regulator announced it would set up ICO regulations within the next eight months.

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