Fintech

The onward march of the digital revolution has opened up a wide variety of new types of investments and transactions which have enabled FinTech to grow at an unprecedented pace.  However, such growth has also brought a whole of legal challenges.  At Lee, Tsai & Partners and its Innovation Law Lab, headed by co-founder Jaclyn Tsai (current chairperson of the Taiwan FinTech Association), our team of attorneys possesses a broad range of legal expertise backgrounds, including finance, intellectual property law, tax, privacy law, and cybersecurity.  We aim to provide the legal services and risk management that all entities thinking about entering the FinTech sector would require, including but not limited to:
 

• Legal counseling and advice with respect to DeFi, GameFi, Metaverse, NFTs, blockchain technology, cryptocurrency, digital banks, third-party payment services, mobile wallets, e-commerce platforms, and others.

• Advocate for the development of virtual asset-related laws and policies, such as driving the establishment of self-regulatory frameworks, fostering international partnerships, and offering advice on fraud prevention mechanisms.

• Assist in establishing a FinTech association.

• Legal counseling on compliance for FinTech firms with respect to anti-money laundering, privacy protection, cybersecurity, competition law issues, and other financial regulations.

• Legal counseling on compliance for cryptocurrency and blockchain firms on issuing ICOs, STOs, and IEOs and drafting contracts.

 

Key Activities
 

Lee, Tsai & Partners has been actively involved with the Taiwan FinTech Association and the Taiwan Blockchain Alliance to assist private entities and government agencies in establishing an effective communications channel, as well as work.

In addition, co-founder of Lee, Tsai & Partners, Jaclyn Tsai, serves as the Chairperson of the Asia FinTech Alliance, which comprises FinTech associations from 14 countries and is dedicated to promoting the excellence of FinTech development and shaping the future of finance in Asia. Jaclyn Tsai also actively participates in international FinTech forums and conferences, maintaining open and effective channels for collaboration with FinTech self-regulatory organizations across Asia.

Lee, Tsai & Partners was also involved in the establishment of the Global ICO Transparency Alliance (GITA) and the promotion of a self-governing mechanism for ICOs.  Our attorneys have also been very active in making regular article contributions on the latest regulatory developments domestic and abroad in relation to FinTech and new technologies.


Representative Matters
 

• Assisted in establishing a self-regulatory organization related to FinTech.

• Advise several foreign virtual asset service providers on establishing legal entities and meeting compliance requirements for launching operations in Taiwan.

• Provided a Metaverse platform legal advice on its Terms of Use and Privacy Policy documents.

• Provided legal advice to a well-known cryptocurrency exchange platform on contract drafting and anti-money laundering regulatory compliance matters.

• Provided assistance to a cryptocurrency fund in drafting investment contracts and other legal matters.