Fintech 2025

TAIWAN CONTENTS

6. Marketplaces, Exchanges and Trading Platforms p.850 6.1 Permissible Trading Platforms p.850 6.2 Regulation of Different Asset Classes p.850 6.3 Impact of the Emergence of Cryptocurrency Exchanges p.850 6.4 Listing Standards p.851 6.5 Order Handling Rules p.851 6.6 Rise of Peer-to-Peer Trading Platforms p.852 6.7 Rules of Payment for Order Flow p.852 6.8 Market Integrity Principles p.852 7. High-Frequency and Algorithmic Trading p.853 7.1 Creation and Usage Regulations p.853 7.2 Requirement to Be Licensed or Otherwise Register as Market Makers When Functioning in a Principal Capacity p.853 7.3 Regulatory Distinction Between Funds and Dealers p.853 7.4 Regulation of Programmers and Programming p.853 8. Insurtech p.853 8.1 Underwriting Processes p.853 8.2 Treatment of Different Types of Insurance p.854 9. Regtech p.855 9.1 Regulation of Regtech Providers p.855 9.2 Contractual Terms to Assure Performance and Accuracy p.855 10. Blockchain p.855 10.1 Use of Blockchain in the Financial Services Industry p.855 10.2 Local Regulators’ Approach to Blockchain p.855 10.3 Classification of Blockchain Assets p.856

10.4 Regulation of “Issuers” of Blockchain Assets p.856 10.5 Regulation of Blockchain Asset Trading Platforms p.857 10.6 Staking p.857

10.7 Crypto-Related Lending p.857 10.8 Cryptocurrency Derivatives p.858 10.9 Decentralised Finance (DeFi) p.858 10.10 Regulation of Funds p.858 10.11 Virtual Currencies p.858 10.12 Non-Fungible Tokens (NFTs) p.858 11. Open Banking p.858 11.1 Regulation of Open Banking p.858 11.2 Concerns Raised by Open Banking p.859 12. Fraud p.859 12.1 Elements of Fraud p.859

12.2 Areas of Regulatory Focus p.859 12.3 Responsibility for Losses p.859

839 CHAMBERS.COM

Powered by