The 'Taiwan Links the World: Capturing the Web3 Revolution | International Industry Summit' organized by Binance, the largest virtual asset exchange by trading volume and registered users, and the Bitcoin and Virtual Asset Development Association, successfully concluded on July 9. This conference centered around 'Taiwan Links the World' and gathered nearly 200 participants, including prominent guests such as Executive Yuan Secretary-General Kung Ming-Hsin, Jeff Dutton, Acting Director of AIT's Business Division, Binance CEO Richard Teng, Bitcoin and Virtual Asset Development Association Chairperson Hsu Pei-Ling, Honorary Chairperson Lin Hung-Yu, and Zach Witkoff, co-founder of World Liberty Financial, to discuss key issues in the development of virtual assets and how Taiwan can engage at various levels in this global digital wave, aligning with the latest international trends, marking a crucial step for Taiwan in exploring international cooperation and development in the blockchain and virtual asset industries.
Embracing New Technologies: The Future of Virtual Assets is Promising
This event invited Executive Yuan Secretary-General Kung Ming-Hsin and Jeff Dutton, the Acting Director of the American Institute in Taiwan's Business Division, to speak. Secretary Kung pointed out that under the Web3 wave, Taiwan cannot be absent and must actively engage. He emphasized that technological development should 'begin with the end in mind,' focusing on actual needs and application scenarios, and is optimistic about the future application potential of stablecoins in the digital economy.
Jeff Dutton stated that U.S. President Trump is promoting a series of policies to solidify America's leadership in the digital asset and fintech sectors, demonstrating a determination to become the 'global crypto capital.' He acknowledged Taiwan's progress in regulatory innovation and looks forward to more exchanges and cooperation with Taiwan in the digital asset field to jointly construct a strong, secure, and innovative digital asset ecosystem.
Taiwan from a Global Perspective: New Opportunities for Cooperation in the Crypto Industry
At the summit, Binance CEO Richard Teng shared his observations on current virtual asset regulatory trends from a global market perspective. He pointed out that the U.S. government's support for the crypto industry has profoundly impacted the global landscape, encouraging more markets and institutional investors to actively engage in this field. Additionally, several countries and regions around the world have been exploring opinions with Binance regarding virtual asset reserves or building industry regulatory frameworks.
Richard Teng pointed out that as regulation matures and institutional investors participate, it will drive the industry toward mainstream adoption. Whether in terms of regulations or the application of technologies, Binance will continue to expand its global layout and deepen cooperation with partners and government departments around the world. At the same time, he is optimistic about Taiwan's advantages in talent and technology, emphasizing that Binance is willing to actively participate in the construction and cooperation of Taiwan's local Web3 ecosystem.
Regarding the topic of stablecoins, Zach Witkoff, co-founder of World Liberty Financial, a stablecoin issuer of USD1 founded by the Trump family, shared that stablecoins will serve as the 'invisible layer' of modern payment systems. He emphasized that the application of stablecoins is not due to their popularity but because the technology can reduce costs and improve efficiency for businesses. He pointed out that USD1 will not only be an asset but also a financial infrastructure that makes banks faster, smarter, and more customer-centric.
When discussing recommendations for Taiwan and regional development, Zach pointed out that establishing a framework for collaboration and encouraging innovation is a great starting point, such as creating a sandbox, rewarding experiments, and finding ways to connect public and private innovations. He believes that Taiwan has a significant opportunity to become a leader in innovation and regulation. He also emphasized that both 'speed' and 'integrity' are essential, and the future belongs to regions that possess both characteristics.
During the panel discussion at the summit, experts and industry representatives from various backgrounds and fields gathered to engage in in-depth discussions on key issues related to virtual assets. Among them, in the discussion titled (Institutional Confidence in a Tokenized World), the panel explored the new opportunities and challenges arising from the current rise of institutional-grade custody and tokenization. The speakers believe that both the regulatory side and the industry are in a process of rapid learning and adjustment, and there will be more intersections and collaborative space between traditional finance and the crypto industry in the future.
In the discussion titled (Guarding the Digital Frontline: The Future of Virtual Assets, Artificial Intelligence, and Combating Crime), the focus was on public-private cooperation and international collaboration in combating financial crime, particularly in the context of the importance of cross-border crime today. The speakers also demonstrated a positive attitude towards virtual assets as an emerging fintech and expressed hopes that effective regulation and cooperation would help the industry continue to develop positively.
Deepening International Connections, Taiwan Embraces a Critical Moment for Web3
This summit not only built a communication bridge between the international and local ecosystems but also further highlighted Taiwan's potential in the global digital economy wave. Through active dialogue and collaboration among industry, government, and academia, Taiwan is expected to establish an open, inclusive, and forward-looking innovative environment, continuously deepening its alignment with international standards in regulations, technology, and applications, and becoming one of the new hubs of digital innovation in the Asia-Pacific region. The event organizers, Binance and the Bitcoin and Virtual Asset Development Association, will also continue to promote the vigorous development of Taiwan's Web3 industry and contribute to building a more open, diverse, and secure ecosystem.
"Embracing Key Opportunities in Web3 Development: The Binance 'Taiwan Links the World' International Summit Successfully Concluded" This article was first published on (Blockcast).
