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Home » Taiwan President’s Second Policy Debate | KMT Presidential Candidate Hou Yu Yi: “Regulating Cryptocurrencies is a Must to Combat Fraud”
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Taiwan President’s Second Policy Debate | KMT Presidential Candidate Hou Yu Yi: “Regulating Cryptocurrencies is a Must to Combat Fraud”

Dec. 26, 2023No Comments3 Mins Read
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Taiwan President's Second Policy Debate | KMT Presidential Candidate Hou Yu Yi: "Regulating Cryptocurrencies is a Must to Combat Fraud"
Taiwan President's Second Policy Debate | KMT Presidential Candidate Hou Yu Yi: "Regulating Cryptocurrencies is a Must to Combat Fraud"
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The Taiwan presidential election entered its second policy presentation on 12/26, and in the latest developments in Taiwanese politics, the Kuomintang (KMT) presidential candidate, Hou You-yi, focused on the issue of fraud in the second policy presentation. He emphasized, “The more scams, the longer the sentence.”

Contents:
Toggle
1. Prominent Fraud Issue: Taiwan’s Security Challenge
2. Three Arrows for Public Safety: Hou You-yi’s Solution
3. Criticizing Current Policies: The Connection between Legislators and Fraud Groups
4. Commitment and Vision: Striving for a Safer Taiwan

1. Prominent Fraud Issue: Taiwan’s Security Challenge
Hou You-yi pointed out that under the Democratic Progressive Party’s (DPP) governance, Taiwan is facing a serious fraud problem and is even referred to as the “Island of Scams.” He revealed shocking statistics: there have been 30,000 fraud cases, with over 46,000 arrests and involvement of over 100 billion New Taiwan Dollars in funds. These statistics highlight the seriousness of the security issue and expose the shortcomings of current policies.

2. Three Arrows for Public Safety: Hou You-yi’s Solution
To address this issue, Hou You-yi proposed the “Three Arrows for Public Safety” plan, which includes specific measures to combat fraud, drugs, illegal firearms, and violent crimes. He advocates for strengthening the crackdown on virtual currencies and cross-strait crimes, as well as proposing the establishment of a dedicated Anti-Drug Agency. Additionally, he suggests a severe crackdown on gang activities to protect young people from the influence of criminal organizations.

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3. Criticizing Current Policies: The Connection between Legislators and Fraud Groups
Hou You-yi criticized the government’s performance in combating fraud. He pointed out the connection between DPP legislators and fraud groups, which reflects the government’s indifference and incompetence in addressing this issue. He strongly questioned the effectiveness of current policies and emphasized the importance of targeting crime tools and utilizing technology in criminal investigations.

4. Commitment and Vision: Striving for a Safer Taiwan
Finally, Hou You-yi pledged to make every effort to improve Taiwan’s security situation. He set specific goals, including a significant reduction in fraud cases within one year and a halving of such cases within three years.

Previously, People’s Party vice presidential candidate Wu Hsin-ying also stated that regulating cryptocurrencies would help prevent fraud.
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Taiwan’s Vice Presidential Candidate Wu Hsin-ying first proposed regulating cryptocurrency, stating that it would help prevent fraud.
)
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EP.165 Virtual World Quasi-Legislator Gao Ru-jun Bao Bo is now online~
)
Hou You-yi
Taiwan
Virtual currency
Fraud

Related Reading:
Wallet Drainers Hidden in Google and Twitter Ads, with $20 million stolen from a single wallet
11 Members of the USDT Fraud Group Received “Rules of Engagement” to Prepare for Trial, with No Bail from the Judge?

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