In the second presidential election policy presentation, Kuomintang candidate Hou You-yi proposed the establishment of a dedicated agency to control underground transactions, as well as regulate cryptocurrency and third-party payment flows. He also advocated for strengthening the fight against crime in cross-strait and international contexts. In addition, Democratic Progressive Party candidate Lai Ching-te and People First Party candidate Ko Wen-je respectively mentioned AI promoting digital transformation and the issue of Taiwan’s population structure.
Table of Contents:
Hou You-yi: Comprehensive Prevention of Underground Transactions
Lai Ching-te on AI Promoting Digital Transformation in Taiwan
Ko Wen-je Focusing on Education, Population Structure, and Carbon Emissions
In the second policy presentation of the Taiwan presidential election held today (26th), the three major camps aimed to attract voter support and addressed various issues. Kuomintang presidential candidate Hou You-yi mentioned the term “cryptocurrency” during his presentation. Although candidates Ko Wen-je and Lai Ching-te did not directly mention cryptocurrency, they both discussed anti-fraud actions. Below is a summary of the policy presentations, providing references for Web3 new generation in Taiwan who are concerned about the election:
Kuomintang presidential candidate Hou You-yi mentioned that 90% of the people have received fraudulent phone calls, and under the rule of the Democratic Progressive Party, there were more than 30,000 cases in 2022, with over 46,000 criminals and a total of over NT$70 billion in losses. To solve these national security issues, Hou You-yi advocates for “the more scams, the longer the sentence” and believes that there should be a dedicated unit responsible for controlling underground transactions, especially third-party payments and cryptocurrency, which require strict regulation. The fight against cross-strait and international crimes must be strengthened.
He also proposed three arrows for public safety: anti-fraud, anti-drug, and anti-violence. He announced the establishment of a dedicated anti-drug agency in Taiwan and plans to start cracking down on drugs from school campuses. He criticized the ineffective results of the Democratic Progressive Party’s establishment of the anti-fraud national team and the involvement of government officials with fraud syndicates, which undermines public trust.
As for Democratic Progressive Party presidential candidate Lai Ching-te, although he did not directly address cryptocurrency in this policy presentation, he still emphasized Taiwan’s technological innovation. Lai Ching-te stated that it is essential to maintain Taiwan’s semiconductor industry’s advantage and elevate other industries. Secondly, he emphasized the development of artificial intelligence-related technologies to facilitate the comprehensive AI transformation of other industries, enabling smooth digital transformation for Taiwan’s small and medium-sized enterprises and achieving the goal of net-zero carbon emissions.
In this policy presentation, People First Party presidential candidate Ko Wen-je did not mention cryptocurrency-related issues. He focused on increasing education expenditure, Taiwan’s aging population, carbon emissions, and advocated for the passage of the “Economic Security Guarantee Act.” The government’s interdepartmental collaboration must be prepared for long-term issues such as technology outflows and the international carbon market.
However, in the previous debate, Ko Wen-je criticized Democratic Progressive Party candidate Lai Ching-te regarding the IBM fraud case. Ko Wen-je’s running mate, Wu Hsin-ying, also mentioned in the vice presidential debate that AI poses significant challenges to Taiwan, including in financial services, life sciences, software, and retail industries. Regarding cryptocurrency, it is necessary to learn from the regulations of the European Union to prevent fraud and manage cryptocurrency. This can not only increase tax revenue but also fight against crimes and reduce fraud.
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2024 Taiwan presidential election
Candidates
Election
President