| 英文摘要 |
With the development of Internet technology, digital financial transaction ways and modles are becoming more diversified. This development makes cryptocurrency becomes a popular investment method in recent years, however, the anonymity of the Internet and cryptocurrency trading has drawbacks of money laundering. As a result, various countries have legislated to strengthen control. In addition to classifying cryptocurrency as investment commodities, the Financial Supervisory Commission also recognized these as securities in 2019 and included them in the management of the Securities and Exchange Act. The purpose of this article is to analyze the legal characterization of cryptocurrency from economic analysis andwhich is the economic benefits of cryptocurrency for the general public, and to discuss the appropriateness of Securities Token Offering (STO) under Taiwan’s securities legal system. In addition, the most suitable legislation for STO is to achieve the goal of maximizing the net benefits by comparing with the STO of the United States Japanand Singapore. |
