Taiwan Presidential Second Policy Forum: Kuomintang Presidential Candidate, Hou You-yi: “Regulation of Virtual Currency is Essential to Combat Fraud”
The second policy presentation of the Taiwan presidential election took place on December 26. In the latest development in Taiwan’s political scene, the Kuomintang (KMT) presidential candidate, Hou Yu-yi, focused on the issue of fraud in his presentation. He stated, “The more scams, the longer the sentence.”
Section 1: Prominent Fraud Issue: Taiwan’s Security Challenge
Hou Yu-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. These statistics emphasize the severity of the security issue and expose the shortcomings of current policies.
Section 2: Three Arrows for Security: Hou Yu-yi’s Solutions
To address this issue, Hou Yu-yi proposed the “Three Arrows for Security” plan, which includes specific measures to combat fraud, drugs, illegal firearms, and violent crimes. He advocates for strengthening the crackdown on virtual currency and cross-strait crimes, as well as the establishment of a dedicated drug enforcement agency. Additionally, he proposes a severe crackdown on gang activities to protect young people from the influence of criminal organizations.
Section 3: Criticizing Current Policies: The Connection between Legislators and Fraud Groups
Hou Yu-yi criticized the government’s performance in combating fraud. He pointed out the connection between DPP legislators and fraud groups, demonstrating 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 for case handling.
Section 4: Commitment and Vision: Striving for a Secure Taiwan
Finally, Hou Yu-yi promised 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, Wu Hsin-ying, the vice-presidential candidate of the People First Party, also mentioned that regulating cryptocurrencies would help prevent fraud.
(Hou Yu-yi, Taiwan, virtual currency, fraud)
Further reading:
Wallet Drainers, a Hidden Google and Twitter Ad, Stole $20 Million from a Single Wallet
11 Members of USDT Fraud Group Receive “Rules of Engagement” for Trial, Judge Denies Bail for All
