Legal experts offer their opinions on whether government should regulate third party payment services
By: Judy Lin, Taiwan News, Staff Writer
TAIPEI (Taiwan News)—FinTech, a new up and coming financial service trend, is
defined as any disruptive financial technology innovation, such as mobile payment, investment bots, and blockchain services.
However, strict financial regulations remain the biggest hurdle for the industry in Taiwan to move forward, agreed experts familiar with the issue that gathered at Hit FinTech forum organized by Chinese-language Knowing media, Thursday.
Ruling Democratic Progressive Party (DPP) lawmaker Karen Yu (余宛如) noted if Taiwan passes FinTech laws, it will become the fifth country in the world to pass third party payment regulations. [FULL STORY]