Legal experts weigh in on effectiveness of proposed Taiwan FinTech bill

Legal experts offer their opinions on whether government should regulate third party payment services

Taiwan News
Date: 2017/04/21
By: Judy Lin, Taiwan News, Staff Writer

TAIPEI (Taiwan News)—FinTech, a new up and coming financial service trend, is

Hit FinTech forum panelists and experts included lawmakers, founders of startup companies, and financial experts. (Photo courtesy of Knowing media)

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]

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