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In Taiwan, the main laws and regulations governing digital transform include the Cybersecurity Management Act (the Cybersecurity Act) and the…

  Now, more than 1,400 years later, China is again on the cusp of creating a new form of government currency that some say could pose a serious economic threat to America and the West. "In effect, they are not cryptocurrencies, they are not so-called stable coins, in effect, they are the national physical currency of a country just represented in a digital form," said Erik Bethel, former U.S. executive director with the World Bank. Bethel says while the world fixates on private cryptocurrencies like Bitcoin, Beijing is busy building a digital version of its own currency, the Yuan, also known...

2021/03/06 19:20 Taiwan is reviewing money transfer systems for foreign workers  Taiwan is reviewing money transfer systems for foreign workers  (CNA photo) Two companies will soon be able to apply for formal licenses for an experimental money transfer service that they were permitted to set up in 2019 mainly to accommodate migrant workers, according to the county's financial regulator. When the amended Act Governing Electronic Payment Institutions takes effect in July, institutions other than banks will be permitted to app...

Taiwan poised to license experimental outward remittance service 03/06/2021 07:02 PM CNA file photo for illustrative purpose only Taipei, March 6 (CNA) Two companies will soon be able to apply for formal licenses for an experimental money transfer service that they were permitted to set up in 2019 mainly to accommodate migrant workers, according to the county's financial regulator. When the amended Act Governing Electronic Payment Institutions takes effect in July, institutions other than banks will be permitted to apply for licenses to provide outward remittance services, the Financial Techn...