Guo Taiming is about to enter the currency circle.
According to media reports, Taiwan’s richest man, Guo Taiming, talked about digital currency in a public speech on October 3. He suggested that Taiwan embrace Libra, which will help improve Taiwan’s status as an international financial center.
Judging from the slow implementation of electronic payment in Taiwan, the people and institutions in Taiwan will not be very active in digital currency. Coupled with the relatively conservative financial supervision in Taiwan, Libra will not be so easy to land in Taiwan. Although Terry Gou and Zuckerberg personally good relationship.
Coupled with the current unfavorable start of Libra, the plan has been resisted by global regulators. The original 28 founding members have withdrawn from 7, and they are going through the darkest moment.
As the richest man's suggestion to the Taiwan authorities, the possibility of being accepted is still extremely low.The Taiwan version of Libra that Guo Taiming wants to lead will also face many obstacles.
Even so, such a point of view is not out of line, but Guo Dong's next suggestion caught Uncle Kai off guard and almost couldn't keep up with the rhythm.
He said that mainland China does not adopt Libra, but develops its own central bank digital currency. Taiwan can bring together two systems (Libra and central bank digital currency) in Taiwan.
Uncle Kai believes that Guo Dong may have just begun to get involved in digital currency, and he has no in-depth understanding of hearsay.
Although both Libra and central bank digital currency are called digital currency, their nature is very different:One is a non-sovereign alliance-like stablecoin, and the other is the digitization of sovereign fiat currency. Although the two are not incompatible, they are also competing with each other. It is extremely difficult and almost impossible for two systems to operate maturely in one region at the same time.
Moreover, both systems are still just ideas.At best, Libra just proposed a white paper. The alliance has just been established, and the technology is still in the testing stage. It seems that there are many obstacles and nowhere in sight. In contrast, China's central bank digital currency is more ethereal, without even a specific white paper and technical prototype.
Guo Taiming just read a few Libra books, listened to a few news reports, and did not consider the actual situation, so he rashly suggested that the two systems be brought together in Taiwan, and plunged into the Taiwanese version of Libra. Uncle Kai deeply doubted whether Guo Dong was caught by the currency circle. Those with a heart are fooling too much.
It is also possible that Guo Dong resigned from the Hon Hai Group’s board of directors, failed to run for the leadership of the TW region, quit the party and quit the election, and was unable to relax. He was looking for something meaningful, such as the Gou Academy that is currently under planning. The college takes digital currency as the starting point, which is undoubtedly full of infinite reverie, but also full of danger.
Seeing that he could not imitate Trump, Guo Taiming rushed into the currency circle so rashly and turned to imitate Zuckerberg, which is a bit too hasty.
Uncle Kai is very pessimistic.
