Taiwan’s licensed telecom company Taiwan Mobile plans to invest in local crypto platforms.
Amid the ongoing turbulent processes in the crypto industry, a new breakthrough has come in Taiwan. Taiwan Mobile, Taiwan’s licensed telecom company, is exploring ways to step into the crypto industry.
Taiwan Mobile aims to potentially invest in businesses for the crypto industry and work collaboratively with local crypto platforms.
Taiwan Mobile Turns To Crypto
Taiwan Mobile, the telecom company serving in Taiwan, aims to invest in companies serving in the field of blockchain and crypto.
According to the news of Bloomberg, based on its sources, Taiwan Mobile has started to seize all kinds of opportunities in the field of blockchain, which is launched as a digital technology.
It was stated that among the companies that Taiwan Mobile is in talks with, blockchain-focused XREX Inc. However, Bloomberg’s sources stated that the telecom company has not yet made an official decision. XREX co-founder Wayne Huang declined to respond to his company’s Taiwan Mobile call situations.
Huang said that as Web3 technology comes to the fore and regulations become clearer, large institutions can enter the industry.
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