Fintech and Innovation Law

2021 年 12 月 1 日

Draft Summary of “Money Laundry and Terrorist Financing Prevention for Third Party Payment Services” (Taiwan)

Sean Liu, Doris Hsu and Lilian Hsu With the increasing acceptance of contactless transactions, the position of third-party payment services in assisting cash flows is becoming more and more important. In order to complete the regulation of anti-money laundry policy, the Ministry of Economic Affairs announced a draft which puts third party payment services industry under regulation. This article will give an introduction on the draft.
2021 年 10 月 1 日

The Executive Yuan designates “third-party payment service industry” under the scope of money-laundering prevention (Taiwan)

Sean Liu, Jack Hsieh While Taiwan’s Money-Laundering Control Act mainly regulates financial institutions, it also applies to industries and practitioners whose business characteristics or trade patterns are prone to exploitations for money-laundering related crimes.  The Executive Yuan has announced on […]
2020 年 5 月 4 日

Focused Summary of the Taiwan Regulations on the Issuance and Trading of the Security Token and Regulatory Amendment Recommendations (Taiwan)

Teresa Huang and Elva Chuang[1] I. Focused summary of the regulations on the issuance and trading of security token offerings 1. The Financial Supervisory Commission (hereinafter, the “FSC”) of Taiwan officially incorporated security token offering (hereinafter, “STO”) into the regulatory […]
2019 年 6 月 17 日

Legal Control over Stablecoins

2019.6.17 Sean Liu There has been incessant news about Facebook’s intention to set foot in the blockchain domain and issue a stablecoin since the end of 2018.   A while ago, Facebook finally released a white paper codenamed Libra and is […]