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LEE & LI Bulletin - February 2018

Summary
The Legislative Yuan passed the Statute for Fintech Development and Innovation Experiment In response to the trends in development of fintech, the Legislative Yuan passed the Statute for Fintech Development and Innovation Experiment (this "Statute") and additional Articles to eight major banking and financial service law on December 29, 2017 to provide a safe environment for testing fintech products, services, business models and mechanism of supply chain management, and to exempt fintech innovation from the current general regulatory requirements in the financial sector for the purpose of boosting business opportunities and innovative vitality.....More
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