Far EasTone invests in Taiwanese cryptocurrency group MaiCoin

According to the Business Times, Taiwan’s cryptocurrency merchant MaiCoin Group announced the completion of Series B+ fundraising, with participation from Far EasTone Telecommunications, Federal Group and Heding Venture Capital.

The official press release revealed that when MaiCoin announced its IPO listing plan last year, it simultaneously launched a fundraising plan with the purpose of expanding the group's business scale and promoting stable revenue growth. It also hopes to use the resources of investors to accelerate cross-border cooperation and enhance the brand. Gain visibility and practice more blockchain technology and cryptocurrency application scenarios.

Why choose to invest in MaiCoin? Far EasTone general manager Jing Qi revealed that the group occupies an important position in Taiwan's cryptocurrency industry and focuses on legal compliance, which is consistent with Far EasTone's corporate governance. Far EasTone is continuing to develop digital life services. Through cooperation with MaiCoin, it can provide more innovative services and expand into the young user market.

Source: MaiCoin
Far EasTone Telecommunications invests in Taiwanese cryptocurrency provider MaiCoin Group

Yuanyin Survey: More than half of Generation Y have been exposed to virtual assets

According to the "Taiwan Virtual Asset Survey" previously published by Far East Commercial Bank, among more than 3,400 valid samples, up to half of Generation Y (born between 1981 and 1996) have been exposed to virtual assets. Not only do they think they are familiar with virtual assets, but they are also willing to invest if there are clear regulatory measures.

Generation Z (born between 1997 and 2012) is known as the native of virtual assets. Not only does their investment amount account for the highest proportion of total assets, they also love taking risks. More than half of them use contract transactions and invest in meme coins.

Taiwan Mobile also enters the encryption industry?

In addition to Far EasTone, another telecommunications giant, Taiwan Mobile, also seems to be entering the encryption industry. 🧧The list of virtual currency platforms announced by the Financial Supervisory Commission in July shows that a new company, "Fu Sheng Digital Co., Ltd." has been added, and the person in charge of this company is Taiwan Mobile General Manager Lin Zhichen, and the directors and supervisors are also They are all important figures in Taiwan Big Brother.

Japan Telecom has already deployed blockchain

The telecommunications industry’s deployment of the blockchain market is nothing new. "Crypto City" previously reported that NTT DOCOMO, a subsidiary of Japanese telecommunications giant NTT, established a Web3-related subsidiary as early as 2022 and will invest 500 to 600 billion yen in the next few years.

In addition, NTT is also the verifier of the Japanese blockchain Japan Open Chain, which emphasizes legality, is oriented to corporate users, and is compatible with the Ethereum blockchain. It also has the advantages of high-speed transactions and high security.