⭐️ Event Highlights Recap (Part II): NTU CIEL Inauguration Ceremony｜Corporate Law in the Era of Geopolitical Economy ⭐️

NTU CIEL Inauguration Ceremony｜Corporate Law in the Era of Geopolitical Economy

May 12, 2025 – NTU College of Law, Tsai Lecture Hall, International Conference Hall

On May 12, 2025, the Center for Innovation in Enterprise Law (CIEL) at National Taiwan University (NTU) was officially inaugurated at the International Conference Hall of the NTU College of Law’s Tsai Lecture Hall. The inauguration was followed by two compelling roundtable forums that explored the evolving landscape of corporate legal systems in response to geopolitical challenges. As a continuation of our recap of the inauguration ceremony, we now turn to the highlights of the first forum session.

The first roundtable discussion was moderated by CIEL Deputy Director Dr. Chao-Hung Chen and brought together four distinguished legal scholars from around the world:

• Professor Dan W. Puchniak from Singapore Management University (SMU)

• Professor Manabu Matsunaka from Nagoya University, Japan

• Professor Akshaya Kamalnath from the Australian National University (ANU)

• Professor Pasha Hsieh (謝笠天), also from SMU

This session focused on “The Impact of the Trump Doctrine on Corporate Governance and Legal Compliance.” Drawing on diverse legal systems and academic backgrounds, the panelists examined the institutional and practical challenges that modern geopolitics pose to global enterprises.

Professor Dan W. Puchniak opened the discussion by framing the topic around three emerging dimensions shaped by geopolitics: Identity, Isolation, and Inspiration.

Under the theme of Identity, Professor Dan noted that corporate nationality, once a relatively clear-cut classification, has become increasingly complex as multinational companies adapt to geopolitical risk by operating across multiple jurisdictions. He used TSMC and TikTok as illustrative cases, showing how factors such as shareholder composition, operational hubs, and board structures can lead to conflicting interpretations of a company’s national identity.

On the topic of Isolation, he observed that the Trump administration’s policies had contributed to an increasingly insular U.S. stance, pushing global supply chains toward regionalization. As a result, distinct regional industrial ecosystems are beginning to operate independently of one another.

Lastly, in discussing Inspiration, Professor Dan argued that while geopolitics has introduced substantial challenges, it also presents opportunities. He emphasized that such conditions compel nations and corporations to reevaluate their strategic positions within the global order from a broader, more regionalized perspective—a shift he believes will become pivotal in both business decision-making and policy design.

Following that, Professor Manabu Matsunaka offered insights from Japan’s experience. One major impact of the Trump administration on Japan, he explained, was the shift in energy policy. Additionally, Trump’s tepid stance on Diversity, Equity, and Inclusion (DEI) policies created barriers to advancing related initiatives in certain regions. The disparity in regional DEI standards, he noted, presents a regulatory challenge for multinational corporations as they navigate inconsistent compliance frameworks. While Trump’s policies did have negative implications for Japan’s stock market and manufacturing sector, Professor Matsunaka suggested they may also have increased market activity and opened new opportunities for activist shareholders.

Next, Professor Akshaya Kamalnath shared her perspective, emphasizing that corporations have always been influenced by political forces—today more than ever. She stressed that modern corporate responsibilities and policymaking are not only shaped by governmental pressure but are also increasingly driven by a broad spectrum of stakeholders, including shareholders, employees, consumers, and civil society.

The session concluded with Professor Pasha Hsieh, who highlighted the declining effectiveness of the WTO’s dispute resolution mechanism, exacerbated by the Trump administration’s aggressive tariff policies. This has added layers of uncertainty to the global trade environment. He then reviewed a number of trade and investment agreements between the U.S. and Taiwan—most notably the U.S.-Taiwan Initiative on 21st-Century Trade—and analyzed how similar bilateral and multilateral negotiations, including recent ones between the U.S. and the U.K., could reshape global industrial structures and compliance obligations.

Following the conclusion of the initial round of remarks, the session moderator, Deputy Director Dr. Chao-Hung Chen, posed a key question to the panel: In the face of the various impacts brought about by geopolitical shifts, how should legal systems around the world respond?

In response, Professor Dan emphasized that legal reform should not rely on the wholesale transplantation of foreign legal models, but must instead be grounded in a deep understanding of domestic industrial structures and local contexts. Citing corporate ownership structures as an example, he noted that Western firms are typically dominated by institutional investors, while in many Asian countries such as Taiwan and Singapore, family-owned businesses and state-owned enterprises are more prevalent. These differing governance models naturally lead to very different legal and regulatory needs. He further reiterated that, as supply chains become increasingly regionalized, legal frameworks should be strategically designed and adapted to reflect the unique risks and opportunities within each region.

Professor Akshaya added that just as businesses restructured their supply chains in response to the COVID-19 pandemic, they must now reassess and strengthen their risk management systems and operational models in light of current geopolitical uncertainty.

Building on this, Professor Pasha observed that while legal systems have historically looked to the U.S. and Germany as dominant models, the current geopolitical climate is prompting a greater emphasis on regional legal frameworks. From the perspective of international trade law, he argued that regional trade agreements—beyond those led by the United States—are becoming increasingly vital. Ultimately, he stressed that only legal systems that effectively address real-world issues—such as trade and sustainable development—will wield meaningful influence in shaping global governance.

During the Q&A session, an audience member posed the following question:

Amid increasing geopolitical uncertainty, how should businesses adjust their operational strategies and respond to the evolving regulatory landscape from a corporate governance perspective?

Professor Dan responded by emphasizing that this question extends beyond corporate law itself and touches on the foundational role of the rule of law. Geopolitical shifts, he noted, may fundamentally reshape our traditional understandings and standards of key legal concepts, with corporate identity being a prime example. In this context, businesses must increasingly recognize that political influences on corporate governance are becoming the norm, and should proactively develop adaptive governance mechanisms.

Professor Manabu added that in light of rapidly changing external environments, businesses must adopt jurisdiction-specific governance strategies that are tailored to the policy environments of each country in which they operate.

Professor Akshaya echoed this view, noting that companies will likely come to rely more heavily on regional political ties to ensure the stability and regulatory feasibility of their global operations.

Professor Pasha, approaching the issue from the perspectives of international trade and sustainable development, stressed the importance for businesses to closely monitor developments in trade agreements and to integrate environmental considerations into their business models as part of a more comprehensive compliance and risk management strategy.

At the conclusion of the forum, Deputy Director Dr. Chen posed a forward-looking question:

As corporations increasingly adopt multi-jurisdictional identities, can legal systems effectively respond to and adapt to this emerging trend?

Professor Dan answered that legal frameworks can serve as crucial tools for clarifying corporate identity, particularly in cases where national affiliation and regulatory boundaries are blurred. A well-designed legal mechanism can provide a transparent and legitimate means of determination.

Professor Manabu, drawing on practical experiences from Japan, observed that corporate identity will likely become a latent governance concern, and that proactive legal preparations could mitigate risks arising from such uncertainty.

Professor Akshaya further highlighted the law’s potential to act as a bridge for cross-cultural understanding and institutional alignment, which in turn can enhance the coherence and resilience of corporate governance.

Finally, Professor Pasha emphasized that the influence of international legal regimes on domestic enterprises is growing, and that in the future, corporate compliance behavior will be increasingly shaped by international law and cross-border regulatory standards.

In his closing remarks, Deputy Director Dr. Chen noted that in today’s turbulent geopolitical climate, countries across Asia are facing unprecedented challenges. However, he emphasized that this moment also presents a valuable opportunity to strengthen regional collaboration and deepen transnational connections. Within this context, corporate legal systems are poised to evolve, giving rise to new institutional frameworks and modes of practice.

This concluded the first roundtable session. Sincere thanks to all the distinguished speakers for their insightful contributions and thought-provoking discussions.

For those interested, the content of the next roundtable session is also available on our center’s official website. We warmly invite you to revisit the highlights of the event online!

NTU CIEL Inauguration Ceremony｜Corporate Law in the Era of Geopolitical Economy

May 12, 2025 – NTU College of Law, Tsai Lecture Hall, International Conference Hall

On May 12, 2025, the “Center for Innovation in Enterprise Law” (CIEL) was officially inaugurated at the International Conference Hall of the Tsai Lecture Hall, College of Law, National Taiwan University (NTU). The ceremony marked the unveiling of NTU’s first university-level legal research center and featured a thought-provoking roundtable forum on corporate legal innovation in an era shaped by geopolitical and economic shifts. Let us look back on the highlights of this landmark event.

The ceremony opened with remarks by Professor Wang-Ruu Tseng, Director of CIEL and Vice President of NTU. She expressed deep gratitude to Mr. Hong-Tu Tsai, Chairman of Cathay Financial Holdings, and President Wen-Chang Chen of NTU, for jointly witnessing this important milestone in the university’s history. Vice President Tseng particularly thanked Chairman Tsai for his longstanding support of legal education and research at NTU. She voiced her hopes that the College of Law will continue to meet the high expectations placed upon it by both the Chairman and President, and will generate outstanding academic achievements.

Vice President Tseng also expressed her vision for the Center to address key legal challenges faced by businesses and industries through interdisciplinary and international research. She hoped that, by organizing academic conferences, industry roundtables, and similar initiatives, the Center would contribute concrete legislative and regulatory proposals that could exert a meaningful social impact and bring Taiwan’s corporate legal environment closer to international standards.

She further noted the recent establishment of a regulatory sandbox by the government for startups, which highlights the urgency of innovation in legal and industrial development. In this context, CIEL can serve as a crucial academic partner—collaborating with government and industry to shape a more adaptable and forward-looking corporate legal framework.

Addressing the rapidly changing global geopolitical and financial landscape, Vice President Tseng emphasized the need for both businesses and legal systems to respond swiftly. She noted that the theme of the forum—corporate law amid geopolitical shifts—was highly relevant to this dynamic environment, and she looked forward to the diverse insights and creative perspectives that the invited speakers would bring.

In closing, Vice President Tseng once again thanked Chairman Tsai, President Chen, and all distinguished guests for their presence, expressing her hope that attendees would gain valuable insights from the day’s discussions.

Following Vice President Tseng’s remarks, Chairman Hong-Tu Tsai of Cathay Financial Holdings delivered a speech. He expressed his great pleasure in attending the inauguration and, as an NTU Law alumnus, fondly recalled his four years at the university, which he described as a time of great academic freedom. After graduating, he pursued legal studies in the United States, became licensed to practice law in Washington, and later returned to Taiwan to enter the business world. While he did not practice as a lawyer, he emphasized his deep appreciation for the crucial role of law in both society and enterprise.

Chairman Tsai pointed out that every aspect of business operations is subject to legal regulation, but the law often lags behind the pace of enterprise development. Despite many calls for legal reform, gaps remain. He therefore highlighted the importance of establishing a permanent platform for dialogue—one where academia, government, and industry can jointly explore and address emerging challenges.

He expressed his hope that the Center would serve as a collaborative hub for business development and legal scholarship, acting as a private-sector think tank to tackle pressing legal issues. He offered examples such as cybersecurity risks brought about by IT advancements, and the transformative impact of AI on finance and technology—issues that may be difficult to address from a traditional legal perspective but could inspire innovative thinking when approached from fresh angles.

Chairman Tsai concluded by expressing his wish that future events organized by the Center would go beyond legal and regulatory participants to also include voices from investment institutions, IT, and AI industries. Through collective input, he envisioned a broader exploration of future solutions for corporate development and legal frameworks.

At the conclusion of the inauguration ceremony, NTU President Wen-Chang Chen delivered closing remarks, expressing his sincere gratitude to all the distinguished guests for attending and witnessing this major milestone in NTU’s journey in legal research—the launch of the Center for Innovation in Enterprise Law (CIEL).

President Chen highlighted the rapid advancements in emerging technologies and the shifting geopolitical and economic landscape, noting that businesses today require new legal frameworks to navigate such transformations. He acknowledged that, in addition to supporting the establishment of a research center at his alma mater, Singapore Management University (SMU), Chairman Tsai also recognized the importance of establishing a similar institution at NTU. Thus, the founding of CIEL was both timely and essential.

He further emphasized that CIEL is poised to become one of NTU’s most significant research centers—not only in terms of its contributions to legal scholarship and the broader legal system, but also as a foundation for international collaboration. He expressed hope that the center would offer constructive policy recommendations and grow into a globally leading institution in corporate legal studies.

President Chen concluded by once again thanking Chairman Tsai for his generous donation that enabled the creation of both CIEL and the College of Social Sciences building. Notably, the roundtable forum took place in the  Tsai Lecture Hall (Lin Ze Building), named in honor of Chairman Tsai’s father—a fact that lent profound symbolic meaning to the inauguration. This, President Chen noted, reflects Chairman Tsai’s deep commitment to advancing legal education and scholarship. He also extended heartfelt thanks to all CIEL team members for their hard work, expressing his aspiration that the center will serve not only as a globally recognized hub for corporate legal research, but also as a policy think tank contributing meaningfully to national development.

Following the inspiring remarks delivered by the three distinguished guests, Vice President Tseng, Chairman Tsai, President Chen, and the three Deputy Directors of the Center jointly officiated the unveiling ceremony. As the red cloth was gracefully lowered, the inauguration was officially completed, symbolizing the formal launch of the NTU Center for Innovation in Enterprise Law (CIEL).

We extend our sincere gratitude to Chairman Hong-tu Tsai and President Wen-Chang Chen for their generous support and encouragement, as well as to all distinguished guests who contributed to this meaningful event. Moving forward, the NTU Center for Innovation in Enterprise Law (CIEL) will continue to promote research and innovation in the field of enterprise law.

Following the unveiling ceremony, the Center also hosted two engaging roundtable forums that explored the challenges and opportunities of enterprise law in an era shaped by geopolitics. A detailed recap of these thought-provoking discussions is available on our official website—we warmly invite you to revisit the event highlights online!

6th YCC Workshop on Comparative Business and Financial Law

Organized by the Younger Comparativists Committee of the American Society of Comparative Law

Date: May 9–10, 2025

Venue: Room 1710, Tsai Lecture Hall, College of Law, National Taiwan University

The YCC Workshop on Comparative Business and Financial Law, hosted by the Younger Comparativists Committee (YCC) of the American Society of Comparative Law (ASCL), has been held since 2014. This closed-door academic workshop is designed to provide in-depth feedback on the research of emerging scholars in comparative law, fostering scholarly growth and intellectual exchange.

Due to the global COVID-19 pandemic, the workshop was suspended after 2020. In 2025, with the appointment of Associate Professor Yueh-Ping Yang, Deputy Director of the Center for Enterprise Law at NTU, as Co-Chair of the YCC, the workshop was successfully revived and held at the College of Law, National Taiwan University—marking the first time this workshop has taken place outside of the United States. The Center played a key role in organizing the event, with both Deputy Directors, Associate Professor Yueh-Ping Yang and Associate Professor Chao-Hung Chen, actively participating throughout the workshop as hosts and discussants.

This year’s workshop featured seven selected papers by scholars from around the world:

• Davide Luigi Totaro, Lecturer, Hitotsubashi University, Japan

• Yung-Cheng Lin, Ph.D. candidate, University of Pennsylvania, USA

• Samreen Ahmed, Ph.D., and Mohammad Nasir, Assistant Professor, Aligarh Muslim University, India

• Takuma Kumashiro, Associate Professor, Kobe University, Japan

• Akshaya Kamalnath, Associate Professor, Australian National University

• Kwanghyuk (David) Yoo, Assistant Professor, Kean University, USA

• Vanessa Villanueva Collao, Adjunct Professor, Bocconi University, Italy

Topics explored included:

comparative studies on AI insurance regulation (Japan–Italy), Taiwan–U.S. insurance product supervision, corporate privacy (U.S.–India), ESG enforcement in Japan, governance of emerging tech companies (U.S., EU, China, India), antitrust and consumer protection standards (U.S.–EU), and comparative legal perspectives on decentralized autonomous organizations (DAOs).

Distinguished discussants included:

• Associate Professor Tao Xie, Oklahoma City University, USA

• Associate Professor Liwen Lin, University of British Columbia, Canada

• Visiting Professor Christopher Gulinello, National Taiwan University

• Associate Professor Toshiaki Yamanaka, University of Tsukuba, Japan

• Senior Lecturer Zehra G Kavame Eroglu, Deakin University, Australia

• Associate Professors Yueh-Ping Yang and Chao-Hung Chen, National Taiwan University

Each presentation was allocated 45 minutes, including a 10-minute commentary by the designated discussant, a 5-minute response by the author, and an open Q&A session. These sessions fostered rich exchanges and provided young scholars with substantial feedback to refine and strengthen their research.

This workshop highlighted the diverse and interdisciplinary developments in the field of business and financial law, emphasizing the growing demand for innovative legal scholarship. As corporate legal frameworks continue to face challenges from technological shifts and globalization, comparative understanding of legal systems is essential for informed reform and cross-jurisdictional dialogue.

Looking ahead, the Center for Enterprise Law at NTU remains committed to promoting the internationalization of corporate law scholarship. We will continue to collaborate with the American Society of Comparative Law and its Younger Comparativists Committee, advancing comparative legal research and global academic exchange—offering fresh perspectives to shape the future of corporate law worldwide.

On April 25, 2025, Deputy Director Professor Yueh-Ping Yang of CIEL attended the award ceremony hosted by the National Science and Technology Council (NSTC), where he was honored with the 2024 Ta-You Wu Memorial Award.

Since 2018, Professor Yang has dedicated his research to blockchain finance and the regulation of virtual assets. His work spans a wide range of topics, including initial coin offerings, the issuance and settlement of security-type virtual assets, regulation of virtual asset trading platforms, decentralized finance (DeFi), non-fungible tokens (NFTs), anti-money laundering (AML) measures for virtual assets, cross-border supervision, and comparative legal studies on international virtual asset regulation. His research on Central Bank Digital Currencies (CBDCs) was particularly distinguished, as it was one of only four papers selected globally at the 2022 Washington FinTech Week and was subsequently published in the SSCI-indexed Northwestern Journal of International Law and Business.

Professor Yang’s research achievements not only contribute significantly to academic scholarship but have also had a substantial impact on the development of Taiwan’s virtual asset regulatory framework over the past five years. He has been invited to provide policy consultation, legal recommendations, and training to multiple government agencies, including the Financial Supervisory Commission, the Executive Yuan’s Anti-Money Laundering Office, the Central Bank, the Ministry of Digital Affairs, and the Ministry of Justice. His contributions include assisting authorities in drafting the AML registration system for Virtual Asset Service Providers (VASPs), the draft Virtual Asset Service Act, and regulatory guidelines for VASPs and stablecoins, thereby making a profound impact on both theory and practice.

Deputy Director Yueh-Ping Yang of CIEL was invited by the Asia FinTech Alliance to chair the online seminar “Regulatory Perspectives on FinTech Innovation in Taiwan” on March 25, 2025.

Serving as moderator and opening speaker, Deputy Director Yueh-Ping Yang introduced the session, which featured two distinguished speakers. Brenda Hu, Director of the Department of Financial Market Development and Innovation at the Financial Supervisory Commission (FSC), presented on Taiwan’s FinTech development strategies and progress, highlighting policy support and emerging industry opportunities. Alex Huang, Chief of the Securities Firms Division at the Securities and Futures Bureau of the FSC, shared Taiwan’s practical experience in virtual asset regulation and discussed the latest regulatory developments.

The session concluded with a comprehensive Q&A, offering participants an opportunity to engage directly with the experts and deepen dialogue.

This online seminar focused on Taiwan’s FinTech development strategies, practical approaches to virtual asset regulation, and the balance between regulation and innovation. It provided international industry leaders and policymakers with insights into Taiwan’s regulatory direction for FinTech and virtual assets, while also fostering a platform for collaboration across industry, government, and academia.

On March 25–26, 2025, the Asian Corporate Law Forum 2025 (ACLF)—a leading international forum on corporate law and corporate governance in Asia—was held at the Faculty of Law, Chulalongkorn University, Thailand. This year’s ACLF was organized by Professor Dan W. Puchniak of Singapore Management University in collaboration with the European Corporate Governance Institute. Centered on the theme of “Corporate Governance and Sustainable Development of Asian Enterprises,” the forum brought together prominent scholars and regulators from Singapore, Japan, India, China, Australia, South Korea, Hong Kong, Indonesia, Taiwan, and beyond.

CIEL Deputy Director Professor Chao-Hung Chen was invited to deliver a presentation titled “Weaponizing Financial Firms as Surrogate Regulators,” which explored how governments leverage financial institutions to achieve indirect regulatory effects. In addition to his presentation, Professor Chen also participated as a discussant in other sessions, engaging in in-depth dialogue with scholars from various jurisdictions. His contributions further showcased the expertise and influence of Taiwan’s academic community in international scholarly exchanges.

More information on the forum is available at: https://ccla.smu.edu.sg/aclf

Deputy Director Professor Yueh-Ping Yang of CIEL was invited by the AI FinTech Association to serve as a panelist in the session “AI Innovation, Internationalization, and Open Banking” at the 2025 AI FinTech Development Forum, held on June 10, 2025.

The forum opened with remarks from Minister of Digital Affairs Yennun Huang, Vice Chairperson of the Financial Supervisory Commission (FSC) Yen-Liang Chen, and Deputy Minister of the National Development Council Jan, Fang-Guan. The keynote address was delivered by Shih Yi-Chun, Deputy Director-General of the FSC’s Department of Financial Innovation.

As a panelist, Professor Yang shared his views on how open banking and AI-driven financial innovation are reshaping supervisory models. He emphasized that modern financial supervision is shifting away from the traditional model of “government sets the rules, industry complies” toward a more market-oriented approach of “industry designs the rules, government reviews and approves.” This transition requires financial institutions not only to demonstrate compliance capabilities but also to develop rule-making capacity, grounded in an understanding of supervisory objectives and the risk management demands of technological innovation.

Professor Yang further introduced the concept of the emerging “Washington Effect” in contrast to the previously discussed “Brussels Effect,” stressing that market-driven supervisory approaches can facilitate cross-border FinTech development and enhance global competitiveness.

For related reporting on this forum and Professor Yang’s panel discussion, please refer to: https://techorange.com/2025/06/10/2025-ai-based-fintech/

Professor Wang-Ruu Tseng, Director of the Center, and Associate Professor Chao-Hung Chen, Deputy Director, recently co-authored the chapter “Cryptocurrencies in National Laws – Taiwan” in the book Cryptocurrencies in National Laws, published by the international academic publisher Brill.

This chapter comprehensively examines the legal status of virtual assets under Taiwan’s current legal framework, addressing whether they should be regarded as “objects” or “rights” under civil law, and whether they can be traded as property or are merely technical digital codes.

The article further points out that, in the absence of legislation fully keeping pace with technological developments, judicial practice and regulatory authorities must adapt and respond amid uncertainty. The authors, combining both private and public law perspectives, analyze the proprietary nature of virtual assets and discuss the legal risks and regulatory challenges arising from market transactions. The chapter not only presents Taiwan’s distinctive experience in supervising virtual assets and determining their status under private law, but also situates the discussion within a comparative international law context, offering cross-border insights into the regulation of crypto-assets.

Further publication information can be found here: https://brill.com/edcollchap/book/9789004722507/BP000032.xml

As central banks around the world actively explore Central Bank Digital Currencies (CBDCs), Taiwan has also launched in-depth discussions on the potential introduction of a “digital New Taiwan dollar.” Deputy Director Yueh-Ping Yang was interviewed by Taiwan Banker magazine, where he provided an in-depth analysis of the legal and policy implications of CBDC implementation in Taiwan, as well as the potential challenges and regulatory measures it entails.

Deputy Director Yueh-Ping Yang first emphasized that the development of CBDCs is not merely a technological upgrade, but rather a profound reconstruction of legal and policy frameworks. Under the currently prevailing “two-tier architecture” of CBDCs, the roles and relationships between central banks, commercial banks, and the general public as CBDC holders will need to be redefined. In addition, regulatory adjustments will be required in three major areas: personal data protection, supervisory frameworks, and legal authorization.

Addressing privacy concerns—the most controversial aspect of CBDCs—Yang noted the inherent tension between anonymity and anti-money laundering (AML) measures. He explained that the key to mitigating privacy concerns lies in how intermediary institutions (such as banks or payment providers) within the two-tier framework manage transaction data. If intermediaries are required to transmit transaction data back to the central bank, the central bank would hold comprehensive CBDC transaction records, which raises surveillance concerns. Conversely, if no transaction data are transmitted, systemic resilience may be weakened, increasing operational risks.

Deputy Director Yueh-Ping Yang further highlighted that, within the two-tier system, questions regarding the status, regulation, and liability of intermediary institutions must be clarified before CBDC adoption. He also noted that whether the central bank should be empowered to revoke or freeze unlawful transactions under specific circumstances would require dedicated legislative support. Finally, he pointed out that cross-border payments and international regulatory cooperation will present additional challenges for CBDC implementation in the future.

For the full Taiwan Banker report, please refer to: https://service.tabf.org.tw/FBS/SinglePage/625337

On February 25, 2025, PwC Taiwan hosted the seminar “Decoding New Trends in Virtual Assets: Innovation, Applications, and Challenges.” The event focused on the latest developments in virtual assets, their innovative applications, and related regulatory issues.

Speakers included Richard Watanabe, COO of Financial Services at PwC Taiwan; Kordan Ou, CEO of KryptoGO; Attorney Yu-Hsun Lee, Partner at PwC Legal; and PwC Taiwan accountants Shang-Tun Wu and Yu-Chen Hu. They shared insights on the opportunities and challenges of virtual assets from financial, legal, accounting, and industry perspectives, while also discussing how to strike a balance between regulation and innovation to promote a stable and healthy market.

Deputy Director Yueh-Ping Yang of CIEL was also invited to the seminar to share his views on emerging trends in virtual asset regulation. He introduced the core framework of Taiwan’s current registration system for Virtual Asset Service Providers (VASPs) and elaborated on the forthcoming Virtual Asset Service Act draft bill. He highlighted its key regulatory features and the ways in which it represents a significant advancement beyond the existing registration regime.

For more details, please refer to PwC Taiwan’s coverage of the seminar: https://www.pwc.tw/zh/news/press-release/press-20250226-1.html