Officials in Taiwan feel torn about what to do with cryptocurrency, the digital tokens backed by transaction ledgers rather than monetary authorities. Now Cheng Yi-ting, CEO of the local cryptocurrency exchange OTCBTC, is calling the issue out as she runs for mayor of Taipei this year. More on Forbes: Cryptocurrency is Here - And It's FrighteningCheng wants a stronger cryptocurrency trade in Taipei. Cheng’s mayoral ambition for cryptocurrency would appeal to voters with early-adopter sentiments, says John Eastwood, a partner with Eiger Law in Taipei. It “might well send a positive signal to fintech and other startups that they've got a like-minded mayor in Taipei,” he says.

Source: Forbes April 29, 2018 21:56 UTC