Taiwan’s Financial Supervisory Commission (FSC) recently announced it has granted a banking license to Rakuten International Commercial. The FSC reported that Rakuten International Commercial Bank (RICB) is the first internet-only bank to obtain a banking license in Taiwan. The FSC further revealed that RICB… Read More
SecuX Technology Inc., a Taiwan-based cryptocurrency hardware wallet provider, announced on Wednesday it is now featuring buy cryptocurrency options through Coinify. SecuX repoted it will now allow its users to add the Buy Crypto feature on its Wallet Web App (My Wallet on SecuX’s… Read More
Taiwan’s Joint Credit Information Center (JCIC) is reportedly planning to provide a database for local Fintech firms so that they can obtain relevant information on consumers’ credit risk profiles. Taiwan’s Financial Supervisory Commission (FSC) made this announcement after Fintech companies held a meeting in June… Read More
After performing an extensive vendor evaluation, Next Commercial Bank (NCB), Taiwan’s first all-digital bank, has introduced Kamakura Corporation’s proprietary solutions for risk management. NCB’s management says that a modular and integrated software solution can offer clear advantages over disparate systems by reducing operational costs and… Read More
Coindesk is reporting that Terry Gou, who founded electronics manufacturing giant Foxconn in 1976, told attendees at Taiwan’s technology association AGM in Taipei October 3rd that he thinks the country should welcome Facebook’s Libra with open arms. “I know (Facebook CEO Mark) Zuckerberg pretty well, and… Read More
“Regulation” is not often a word associated with “benefits” in blockchain and cryptocurrency circles. Indeed, many governments have been sharply criticised following the roll-out of regulatory guidelines addressing the flourishing blockchain industry. Some even suggest that it is a lack of regulation which has allowed… Read More
Asia Business Law Journal (ABLJ) has published a comprehensive article on the current state of crypto law in Asia. Here, we provide a summary of the most salient point presented by ABLJ from each region. Philippines According to the International Monetary Fund (IMF), Global growth… Read More
Seven individuals have been arrested in Taiwan and charged with operating a crypto investment scheme police believe defrauded 1000 investors out of $51 million USD, Focus Taiwan reports. The seven are charged with “violating multiple banking and business…laws” covered by Taiwan’s Banking and Multi-Level Marketing Supervision acts. Among… Read More
A Taiwanese businessperson named Yang has been accused of stealing NT$ 100 million (about $3 million USD) in electricity from landlords at 17 locations where he was running surreptitious cryptocurrency mines across the country’s capital city of Taipei, Yahoo Taiwan reports. The man, who may… Read More
Trading cryptocurrencies anonymously is no longer legal in Taiwan, Focus Taiwan reports. The change was made Friday, November 2nd as Taiwan prepares to be evaluated by the Asia/Pacific Group on Money Laundering (APG), which will take place between Nov. 5th and the 16th. Although Taiwan also… Read More
Crypto wallet CoolBitX has announced a new partnership with the Litecoin Foundation. At the same time, CoolBitX is kicking off its global launch of its CoolWallet S hardware in the US. CoolBitX envisions a future where retail consumers use their crypto wallet hardware and the… Read More
On Monday, organizers of the music festival, Ultra Taiwan 2018, announced they have teamed up with Pundi X to allow the upcoming event to use blockchain for onsite transactions. According to the organizers, the exclusive partnership between Pundi X and the Ultra Taiwan Festival will see over… Read More
Microsoft Taiwan held a joint press conference with Digital China and HighCool companies at Le Meridien Hotel in Taipei June 28th to announce a “tripartite blockchain strategy cooperation” agreement has been struck between the three firms to create a vast, blockchain-moderated public-private computing cloud. Also… Read More
The Asia Times has reported that Taiwan will introduce new rules for the regulation of crypto industries by November 2018. Taiwanese Justice Minister Chiu Tai-san announced the plans at an anti-money laundering conference hosted last week by the Taiwan Financial Services Coalition after the Coalition… Read More
The IOTA Foundation has announced a partnership with Taipei City designed to help the Asian capital meet its smart city needs. “We are so excited about teaming up with Taipei City,” said David Sønstebø, Co-Founder of the IOTA Foundation. “It proves that our next-generation technology is… Read More
The Taiwan legislature has passed legislation that will create a regulatory Fintech Sandbox in a move designed to keep the country up to date on the fast changing financial services industry. Inspired by the UK Fintech Sandbox, the law hopes to stop Fintech firms from… Read More
Jason Hsu is on a mission to turn Taiwan into a Fintech hub. This includes the development of a robust Initial Coin Offering market – in stark contrast to several Asian neighbors like China and South Korea, two countries that banned all ICOs earlier this… Read More
Taiwan appears to be taking a different approach than its neighbor China when it comes to distributed ledger technology and cryptocurrency. In a report from the Newslens, the Financial Supervisory Commission (FSC) Chairman Wellington Koo told a joint meeting of Parliament and the cabinet that… Read More
OurCrowd, the leading global equity crowdfunding platform, has announced its expansion in Asia with a new Taipei office and financial partner, Shanghai Commercial & Savings Bank (SCSB). According to OurCrowd, SCSB recently received the approval of the Financial Supervisory Commission, to invest in the Israel… Read More
Standard Chartered Bank Taiwan opened a digital branch called iWealth in Taipei earlier this month. iWealth is another component of the London-based bank’s foray into fintech in the Asia-Pacific region. SC Bank will invest $1.5 billion in Taiwan over the next three years, focusing on… Read More
Crowdfund Insider is the leading news and information web site covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain peer-to-peer / marketplace lending and other forms of Fintech.
