Fintech—Taiwan—Q&A guide

The following TMT practice note provides comprehensive and up to date legal information covering:

  • Fintech—Taiwan—Q&A guide
  • 1. What is the general state of fintech innovation in your jurisdiction?
  • 2. Do government bodies or regulators provide any support specific to financial innovation? If so, what are the key benefits of such support?
  • 3. Which bodies regulate the provision of fintech products and services?
  • 4. Which activities trigger a licensing requirement in your jurisdiction?
  • 5. Is consumer lending regulated in your jurisdiction?
  • 6. Are there restrictions on trading loans in the secondary market in your jurisdiction?
  • 7. Describe the regulatory regime for collective investment schemes and whether fintech companies providing alternative finance products or services would fall within its scope.
  • 8. Are managers of alternative investment funds regulated?
  • 9. Describe any specific regulation of peer-to-peer or marketplace lending in your jurisdiction.
  • More...

Fintech—Taiwan—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to fintech in Taiwan published as part of the Lexology Getting the Deal Through series by Law Business Research (published: June 2020).

Authors: Lee and Li Attorneys at Law—Abe T S Sung; Eddie Hsiung

1. What is the general state of fintech innovation in your jurisdiction?

Taiwan’s law for the fintech regulatory sandbox, the FinTech Development and Innovation and Experiment Act (the Sandbox Act), was promulgated on 31 January 2018 and took effect on 30 April 2018. At the time of writing, seven applications have been approved by the Financial Supervisory Commission (FSC) to enter into the sandbox, as summarised below:

  1. to facilitate digital banking business (eg, online credit (credit card, credit facility)) by means of a mobile phone identity verification system;

  2. the outbound remittance by foreign workers through local convenience stores (two cases);

  3. to use blockchain technology for the transmission of fund transfer information between financial institutions;

  4. to enable customers to purchase travel insurance through the website of a travel agency by means of API connections;

  5. to provide the ‘fund exchange’ service by means of blockchain technology; and

  6. to shorten the fund transmission gap by means of ‘T+0 contract mechanism’.


In addition to the sandbox mechanism described above, in 2018, the Taiwan government also supported fintech developments by, for example, establishing a ‘FinTechSpace’, which is a physical location

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