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Taiwanese legislator and member of parliament Jason Hsu released a list of policy recommendations aimed to provide aid and special infrastructure to cryptocurrency startups, according to the report of local media Taipei Times.

It was also stated that Jaon suggests that the Ministry of Economic Affairs (MOEA) should create a new business category, as well as a new legal framework for security tokens and issue guidelines for initial coin offerings (ICOs) with a focus on consumer protection.

Earlier Taiwan congressman Jason Hsu claimed that soon Taiwan will turn into a “specialized economic zone” with big offices for 200 blockchain firms after the introduction of friendly crypto market regulations.

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