A new Asian Blockchain Hub? OTCBTC CEO runs for Mayor of Taipei


Yi-Ting Cheng, CEO of one of the major OTC cryptocurrency exchanges OTCBTC, decided to run for Taipei mayor with the aim to make this city more Blockchain-advanced. Will we see a new Asian Blockchain Hub soon? 

20 April, AtoZ Markets The CEO of one of the major OTC cryptocurrency exchanges OTCBTC Yi-Ting Cheng, also known as xdite, has informed the public that she is planning to run for mayor of Taipei, the capital city of Taiwan. As per her Facebook post dated April 14, she intends to propose her candidacy already this year.

A new Asian Blockchain Hub? OTCBTC CEO runs for Mayor of Taipei

Yi-Ting Cheng is a well-known developer, as she has also won the Global Grand Prize at Facebook’s 2012 Hackathon. She has been serving as the Chief Technical Officer at China’s ico.info platform, as well. Her OTC cryptocurrency exchange is now ranked number 68 on CoinMarketCap by 24-hour trading volume.

She has written in her Facebook post that she had “always wanted a mayor who understands how business works.” Moreover, she could not spot a suitable candidate for the post, so she decided to run herself:

 “With 8 candidates running for mayor, most of them are nearly 60 years old or older than 70. None of them know what’s going on in the world, nor what challenges or competition we face This person needs to have the money, the guts, the passion, and experience running a team/company.”

Taipei to become Blockchain pioneer city in Asia?

Cheng plans to make Taipei more advanced in terms of Blockchain technology. She believes that the city once has been savvier than it is right now. As per her announcement, the city’s “regulation friendly” environment and closeness to other Asian technological subs, like Japan, China, and South Korea, provide Taipei with “great potential to become the pioneer blockchain city in Asia.”

Her plans to make Taipei a Blockchain “experimental city” comprises the exact steps of forming a cryptocurrency investment bank in the city. This is aside from the general idea of the creation of a Blockchain community and financial technology zone.

Earlier this year, Taiwanese capital has partnered with IOTA  in a bid to provide Blockchain technological innovation for its residents. The new innovations included ID cards and sensors for checking the pollution levels.

Then, in February 2018, the new governor of Taiwan’s central bank has expressed some interest in looking into the Blockchain technology applications within the bank’s systems.

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