Xu Yuren's Taiwan Crypto Vision: From Policy Legislation to the Blockchain Island Roadmap

Xu Yuren has made a name for himself on the international stage as a “Crypto Legislator,” dedicated to promoting Taiwan as a new global hub for the blockchain industry. This young legislator from Taiwan’s Legislative Yuan has not only gained recognition from Ethereum founder Vitalik Buterin but also actively depicts Taiwan’s future landscape in the cryptocurrency field through concrete actions.

Legislative Promotion and Industry Self-Regulation: Xu Yuren’s Blockchain Front in Taiwan’s Congress

Xu Yuren has established a solid foundation in the legislature. He promoted the formation of a bipartisan Blockchain Alliance, creating institutional support for the development of emerging industries. At the same time, under his initiative, Taiwan is also establishing an industry self-regulatory organization (SRO) to regulate market order and protect investors.

To communicate policy ideas to global blockchain thought leaders, Xu Yuren issued the “One Crypto World” (OCW) token. This ERC-20 standard symbolic token was allocated to key international figures including the Mayor of Seoul, the Chairman of the Korean Blockchain Association, and others, to express support for Taiwan’s policy initiatives.

Balancing Regulation and Innovation: The Core Framework for Exchange Management

Xu Yuren has a clear conceptual framework for exchange regulation. His core principles include: compliance with regulations, transparency of information, cautious management, operational risk control, and effective management of market liquidity and credit risk. Both project teams and exchange users are required to implement KYC(Know Your Customer) and AML(Anti-Money Laundering) requirements, and industry self-regulatory organizations will conduct regular reviews.

Xu Yuren believes that regulation and development are not opposites but mutually reinforcing. An open regulatory mindset can enable exponential growth of blockchain technology, while a supportive environment created by the government can gradually integrate blockchain applications into daily life. He particularly emphasizes the importance of education—whether through school curricula, consumer awareness, or corporate understanding—all require joint efforts by the government and the public to consciously participate in the industry’s development.

Blockchain Island Set Sail: Taiwan’s Three-Step Layout

Xu Yuren’s vision has transitioned from concept to concrete action. New Taipei City is planning to establish an economic special zone, expected to attract about 200 international blockchain companies to Taiwan, creating an industrial cluster effect.

Next is the “Taiwan Global ID” digital identity project, which uses blockchain technology to provide visa mechanisms for global talent, aiming to attract international tech immigrants. This concept shifts Taiwan from a geographical location to a hub of industry attractiveness.

The third innovative measure involves the mining industry. After discussions with well-known entrepreneur Peter Thiel about mining pool monopolies, Xu Yuren proposed leveraging Taiwan’s core competitiveness in IC chips and semiconductors to develop more efficient mining chips. This not only allows ordinary users to participate in mining but also breaks the current centralization of mining pools.

The Year of Security Tokens: Industry Segmentation in 2019

Xu Yuren is full of confidence in the future of (Security Token). He divides the development of cryptocurrencies into three stages: 2017 was the year of explosive growth for ICOs(Initial Coin Offerings), 2018 experienced a transition from bull to bear markets, and 2019 will be a critical year for security tokens.

This judgment is based on a shift in investor sentiment. As the public gradually abandons the pursuit of purely functional tokens and turns to equity-based investments, the demand for security tokens(digital equity certificates) is becoming more urgent. He points out that countries worldwide are formulating relevant regulations, and the G20 summit is expected to issue important announcements, including definitions of security tokens. Xu Yuren is particularly optimistic about Japan’s leading position in this field.

When asked whether security tokens will lead to the decline of ICOs, Xu Yuren expressed hope that ICOs can be applied in truly beneficial scenarios. He believes that, due to the needs of investors and regulators, more projects will lean toward security tokens in the future. Xu Yuren himself is working on a clear definition of security tokens, planning to combine banking law and securities law frameworks, while also incorporating exemption clauses for blockchain technology. This effort marks Xu Yuren’s transformation from a mere advocate to an actual policymaker.