In the second presidential election campaign, Kuomintang candidate Hou You-yi proposed the establishment of a dedicated agency to control underground transactions and regulate cryptocurrency and third-party payment systems. He also advocated for strengthening crime prevention efforts between Taiwan, mainland China, and international partners. Additionally, Democratic Progressive Party candidate Lai Ching-te and People First Party candidate Ko Wen-je separately discussed the issues of AI promoting digital transformation and Taiwan’s population structure.
Summary:
In the second presidential election campaign, Kuomintang candidate Hou You-yi proposed the establishment of a dedicated agency to control underground transactions, regulate cryptocurrency and third-party payment systems. He also advocated for strengthening crime prevention efforts between Taiwan, mainland China, and international partners. Democratic Progressive Party candidate Lai Ching-te and People First Party candidate Ko Wen-je discussed the issues of AI promoting digital transformation and Taiwan’s population structure.
Table of Contents:
Hou You-yi: Comprehensive prevention of underground transactions
Lai Ching-te on AI promoting Taiwan’s digital transformation
Ko Wen-je focuses on education, population structure, and carbon emissions
In the second presidential election campaign held today (January 26th), the three major camps of candidates made their policy proposals to attract voter support. Among them, presidential candidate Hou You-yi mentioned the term “cryptocurrency.” Although candidates Ko Wen-je and Lai Ching-te did not directly mention cryptocurrency, they both discussed actions against fraud. The following is a summary of the candidates’ policy proposals for the reference of the Web3 new generation in Taiwan who are concerned about the election:
Kuomintang presidential candidate Hou You-yi mentioned that 90% of the population has received scam phone calls, and under the Democratic Progressive Party’s governance, there were over 30,000 cases in 2022, with 46,000 criminals and over NT$70 billion in damages. To solve this national security issue, Hou You-yi advocates for the government to “fight more, investigate longer.” He believes that a dedicated unit should be responsible for controlling underground transactions, especially third-party payment systems and cryptocurrency, and strengthening the fight against cross-strait and international crimes.
He also proposed three strategies for public security: fraud prevention, drug eradication, and crime suppression. He announced the establishment of a dedicated anti-drug agency in Taiwan, starting with cracking down on drug use in schools. He criticized the ineffectiveness of the Democratic Progressive Party’s establishment of an anti-fraud national team in the past and accused government officials of having connections with fraud groups, making it difficult for the people to trust.
As for Democratic Progressive Party candidate Lai Ching-te, although he did not directly address cryptocurrency in this policy presentation, he discussed Taiwan’s technological innovation. Lai Ching-te stated that it is necessary to maintain Taiwan’s advantage in the semiconductor industry and uplift other industries. Secondly, he emphasized the development of artificial intelligence-related technologies to help other industries achieve comprehensive AI transformation, allowing Taiwan’s small and medium-sized enterprises to smoothly undergo digital transformation and achieve the goal of net-zero carbon emissions.
In this debate, People First Party candidate Ko Wen-je did not mention cryptocurrency-related issues. Instead, he focused on increasing education expenditure, Taiwan’s aging population, and carbon emissions. He also advocated for the passage of the “Economic Security Assurance Act,” which requires the government to be prepared for long-term issues such as technology outflow and the international carbon credit 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 the challenges brought by AI to Taiwan in the vice presidential debate. She emphasized the need to learn from the regulations of the European Union to prevent fraud in cryptocurrency and to regulate it, as it can increase tax revenue and combat crime, reducing fraud.
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2024 Taiwan presidential election
Candidates
Election
President