Taiwan signs fintech cooperation MoU with Israel

The country signed a similar agreement with four other countries.

Taiwan’s Financial Supervisory Commission (FSC) and the Israel Securities Authority (ISA) have signed a memorandum of understanding (MoU) for Fintech cooperation led by FSC Chairperson Dr. Thomas Tien-Mu Huan and ISA Chairwoman Anat Guetta.

The signing was through a virtually held signing ceremony witnessed by Omer Caspi, Representative of the Israel Economic and Cultural Office in Taipei, and Ya-Ping Lee, Representative of the “Taipei Economic and Cultural Office in Tel Aviv”.

READ MORE: Taiwan’s B2B sector sees bad debt triple

The MoU provides a framework for cooperation and referrals in the matters of Fintech, innovation and investments between the FSC and the ISA. Notably, the MoU includes a referral mechanism to help referred innovator businesses have a better understanding of the regulatory regime in the other jurisdiction. 

The MoU also aims to deepen cooperation and information sharing on innovation issues and mutual investments, including potential cooperation in technology, innovation activities and investments. 

The MoU aims to enhance cooperation in Fintech and capital markets between the two sides, and create more opportunities for innovator businesses from Taiwan and Israel to expand into each other's markets. 

This was a fifth such agreement signed by the FSC with foreign regulators. Taiwan has signed a fintech cooperation agreement with regulators from Poland, the US State of Arizona, France, and Canada.
 

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