Crypto Exchange CEO Runs For Mayor Of Taipei To Make It Asia’s ‘Pioneer Blockchain City’


CEO of primary over the counter (OTC) crypto trade OTCBTC and Fb hackathon winner Yi-Ting Cheng (higher referred to as xdite) has introduced that she is working for mayor of the Taiwanese capital town Taipei this yr, consistent with Cheng’s Fb publish on April 14.
Cheng is referred to as a global magnificence developer and hacker, having gained the World Grand Prize at Fb’s 2018 Hackathon, served because the Leader Technical Officer at China’s ico.information platform, and run a big fullstack coding camp in China. Cheng’s OTCBTC is ranked quantity 68 on CoinMarketCap ^(https://coinmarketcap.com/exchanges/volume/24-hour/) of exchanges by means of 24 hour buying and selling quantity, however describes ^(https://otcbtc.com/company) itself because the “biggest OTC trade in Asia.”
Regarding the impetus for the 35-year-old crypto fanatic to run for political place of job, Cheng writes in her Fb publish announcement that she had “at all times sought after a mayor who understands how industry works,” and as she couldn’t discover a appropriate candidate, she determined to run herself:

With 8 applicants working for mayor, maximum of them are just about 60 years outdated or older than 70. None of them know what’s occurring on the planet, nor what demanding situations or pageant we are facing […] This individual must have the cash, the center, the fervour, and enjoy working a workforce/corporate.

Cheng’s political platform rests at the concept of constructing Taipei into the complex town that she writes it as soon as was once. In line with her Fb publish, town’s “law pleasant” setting and shut proximity to Japan, South Korea, and China provides it “nice doable to turn into […] the pioneer blockchain town in Asia.”
Cheng’s tick list for making Taipei right into a Blockchain “experimental town” – past the overall concept to create a Blockchain group and monetary generation zone – comprises the concrete step of establishing a cryptocurrency funding financial institution within the town.
In January of this yr, Taipei partnered with IOTA to supply new technological Blockchain innovation for citizens, like ID playing cards for monitoring electorate’ knowledge and sensors for detecting air pollution ranges, as a part of their function to turn into a sensible town. In February, the brand new governor of Taiwan’s central financial institution expressed hobby in exploring Blockchain generation packages for the financial institution.