Looks like we have yet another central bank moving into the blockchain industry.

Taiwan’s Central Bank

On Monday, the world was informed that Taiwan’s central bank plans to start exploring blockchain technology in-depth. More specifically, according to Yang Chin-long, the new governor of the central bank, the small island nation wants to start using blockchain to improve a number of its operations.

Financial technology has become immensely popular as of late, so it’s not surprising that Chin-long’s agency wants to start taking note of all that goes on in the sector. After all, no one wants to get left behind when a new piece of technology emerges. We saw this when the Internet first surfaced.