In the wake of significant losses incurred by users of the collapsed FTX exchange, questions arise as to whether minimal regulation focused on preventing money laundering is still sufficient. Taiwan’s financial services sector is known for its conservatism, and its regulators for their caution. These factors usually help reduce financial risk and protect investors. But…
Fraud rings will go to great lengths to trick both Taiwanese citizens and foreign nationals into forking over their hard-earned money, as I found out the hard way. However, there are several ways you can protect yourself, assist efforts to combat this illegal activity, and help those often trafficked and forced into such work by…
In a system that relies on “self-regulation,” Taiwan banks are hesitant to lend their services to foreign nationals. What’s in a name? When it comes to banking in Taiwan, quite a lot – especially if you’re a foreigner. For Anthony van Dyck, a long-term Canadian resident of Taiwan, an unwieldy name has proved a perennial…
The newly established and highly ambitious Ministry of Digital Affairs has great potential if it can heed the many challenges ahead. It has been six months since Audrey Tang took the helm as Taiwan’s official digital minister of the newly established Ministry of Digital Affairs (Moda). Tang has since made frequent appearances in domestic and…
In light of rising tensions between China and the free world, resilience is becoming paramount, while a bifurcation of supply chains seems inevitable. Eyebrows were raised in December when Taiwan Semiconductor Manufacturing Co. (TSMC) founder Morris Chang, speaking at the opening ceremony of the chipmaking giant’s Arizona fab, remarked that “free trade is almost dead…
Taiwan continues to play a leading role in Apple’s supply chain as the U.S. tech giant works to reduce overreliance on China manufacturing. Apple has long relied on manufacturing facilities in China operated by Taiwan’s Hon Hai Precision Industry Co. – better known as Foxconn – to produce the lion’s share of its flagship electronic…
During a visit to Taiwan in July, former U.S. Secretary of Defense Mark Esper urged the island to extend its mandatory military conscription from four months to at least one year, citing the rising threat from China. The recommendation did not receive enthusiastic support in Taiwan, with scholars raising concerns about cost, insufficient manpower, and…
Tokyo could play a decisive role in deterring or defeating a Chinese attack on Taiwan, but questions remain about its potential involvement. China’s increasing aggression toward Taiwan has alarmed Japanese policymakers and prompted a rethink in Tokyo about Japan’s approach to cross-Strait security. Though constrained in some regards by its pacifist constitution, Japan is taking…
The risk of a Chinese invasion remains low, but China’s gray-zone provocations are likely to test Taiwan’s mettle. Tensions in the Taiwan Strait reached new levels after U.S. Speaker of the House Nancy Pelosi visited Taipei in August. The massive live-fire drills by China that followed the visit have intensified concerns about Taiwan’s security, which…
The expanding electric vehicle industry is good news for Taiwan, as it increases demand for semiconductor chips and provides environmental benefits. But although electric models are more climate-friendly, batteries continue to pose environmental challenges. Foreign delegations and corporate leaders stood shoulder-to-shoulder in a packed conference room at the Nangang International Exhibition Center on September 14….
