Cheng-Yun Tsang 臧正運

Books

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• Digital Transformation of Financial Regulation (Routledge, 2027, forthcoming)
• Algorithmic Trust and Governance in Asia (Springer, 2026, forthcoming) — co-edited with A. Perdana, S. V. Bharathi, R. Karim & P. Li
• The Changing Fintech Law and Regulations 變革中的金融科技法制 (Wu-Nan Book Co., 2019) — co-edited with Grace Ku 谷湘儀
• Fintech Developments and the Law 金融科技發展與法律 (Wu-Nan Book Co., 2nd ed. 2018) — co-edited with Grace Ku 谷湘儀

Book Chapters

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1. Understanding Digital Currency and Extraterritoriality, Elgar Concise Encyclopedia of Extraterritoriality and the Law (forthcoming 2026)
2. Analyzing Fintech Regulation through the Lens of STS 從STS視角看金融科技監理的初嘗試 (2022)
3. Exploring the Cross-Border Regulatory Collaboration Model for Fintech Regulation 初探金融科技監理之跨境協作模式 (元照, 2021)
4. A Rethinking of the Separation of Banking and Finance Policy 金金分離政策的時代省思 (2020)
5. SupTech – The Enabler for Fintech Innovation 監理科技—金融科技創新的促動器 (Wu-Nan, 2019)
6. The Promise and Challenge in the Era of Cashless Payments 無現金支付時代的應許與挑戰 (Wu-Nan, 2017)
7. The Use and Prospect of Blockchain 區塊鏈的運用及展望 (Wu-Nan, 2017)
8. An Anatomy of Taiwan’s Consumer Debt Clearance Act 消費者債務清理條例之剖析 (2008)

Journal Articles & Book Reviews

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1. The Digital Transformation of Financial Markets and Regulatory Reflections on Virtual Financial Assets: Focusing on Asset Tokenisation, Financial Payments Quarterly, Inaugural Issue (forthcoming 2026) 金融市場的數位巨變與虛擬金融資產的監理反思 — 以資產代幣化為核心
2. The New Ecosystem of Fintech Venture Capital Funds: International Trends, Key Factors, and Supporting Measures, Financial Joint Credit Information Magazine, Issue 48 (forthcoming 2026) (with Shan Luo) 金融科技創投基金新生態
3. The Board Monitoring Function: Artificial Intelligence in the Era of Heightened Accountability, 14 The Chinese Journal of Comparative Law 1-29 (2026) (with Steve Kourabas) (OUP)
4. The Five Key Challenges in Stablecoin Regulation, CIO IT Manager 174 (Jan 2026) 穩定幣監理的五大難題
5. Tokenisation of Real-World Assets – Development Opportunities and Charting Taiwan’s Legal and Regulatory Pathway, Financial Joint Credit Information Magazine 47, 3-13 (Dec 2025) 現實世界資產代幣化(RWA)的發展契機與我國的法制路徑擘畫
6. Building Robust Digital Financial Infrastructure is An Urgent Priority for Taiwan in Advancing RWA Tokenization, CIO IT Manager (Dec 2024) 建設數位金融基礎設施係臺灣發展 RWA 的當務之急
7. Regulatory Approaches to Financial Leasing Companies, New Society for Taiwan 95, 69-75 (2024) 融資租賃公司的監理取徑選擇
8. Artificial Intelligence and Financial Supervision, Financial Joint Credit Information Magazine 45, 25-32 (2025) 人工智慧與金融監理
9. The Epoch-Making Significance of Financial Inclusion, New Society for Taiwan 92, 18-24 (2024) 普惠金融的劃時代意涵
10. The Implications of ESG for Financial Regulation, 34(3) Journal of Banking and Finance Law and Practice 179-194 (2024)
11. Book Review: FinTech: Finance, Technology, and Regulation (Buckley, Arner & Zetzsche, CUP 2023), Journal of International Banking Law and Regulation 251-254 (2024)
12. Legal and Regulatory Innovation for Fintech Developments in Taiwan, Financial Joint Credit Information Magazine 44, 24-29 (2024) 金融科技發展的法制創新
13. Global Trends and Implications of SupTech Developments, Financial Information Quarterly Journal 109, 34-41 (2024) 監理科技的全球趨勢與啟示
14. Global Financial Order at a Crossroads – Do CBDCs Lead to Balkanisation or Harmonization? 59 Journal of Financial Transformation 148-157 (2024) (with Ping-Kuei Chen)
15. Big Techs and Global Financial Regulation: Intersection, Challenges, and Solutions, 40(2) Banking & Finance Law Review 173-206 (2024) (with Steve Kourabas)
16. Disciplining Central Banks: Addressing the Privacy Concerns of CBDCs and Central Bank Independence, 43(3) Northwestern Journal of International Law and Business 235-289 (2023) (with Ping-Kuei Chen & Yueh-Ping Yang) (SSCI)
17. Building Foundations for Digital Financial Inclusion – KYDC, 105 Financial Information Quarterly Journal 26-33 (2023) 砌造數位普惠金融的基石—KYDC
18. A Study on Digitalization of Financial Supervision: An Actor-Network Analysis of Taiwan’s Internet-only Bank Supervisory System, 42(2) Management Review 95-109 (2023) (TSSCI)
19. Exploring the Regulatory Framework for Digital Financial Protection in Taiwan, 16 Formosan Jurist 52-64 (Oct 2022) 初探我國數位金融消費者保護之監理框架
20. A System Framework for Designing Digital Financial Services Regulation, 10 Formosan Jurist 128-139 (Apr 2022) 數位金融服務管理規範的制度框架思考
21. Understanding Policy Diffusion Mechanism of Financial Regulatory Innovation: The Experience of Taiwan, 30(1) Asia Pacific Law Review 21-43 (2022) (with Ping-Kuei Chen) (SSCI)
22. Policy Responses to Cross-border Central Bank Digital Currencies – Assessing the Transborder Effects of Digital Yuan, Capital Markets Law Journal 1-25 (2022) (with Ping-Kuei Chen) (Scopus)
23. Legal and Regulatory Challenges of Data Governance in the Banking Industry, 9 Formosan Jurist 70-91 (Mar 2022) 銀行業資料治理的法制挑戰
24. Digital Governance and Cross-border Regulatory Experiments, 17 Eurasian Studies Quarterly 13-21 (Oct 2021) 數位治理與跨界監理實驗
25. Critical Challenges for Developing SupTech – Taiwan’s Digital Regulatory Reporting Mechanism for Internet-only Banks as An Example, 316 The Taiwan Law Review 36-52 (Sep 2021) 監理科技發展的關鍵挑戰
26. Exploring Regulatory Coordinates for Data Fiduciaries in the Era of Open Banking, 23 Chung Cheng Financial and Economic Law Review 83-118 (Aug 2021) 探尋資料受信者在開放銀行下的監理座標
27. Shaping Forces and Critical Trends for Fintech Law and Regulation, 236 FT Law Review 2-10 (2021) 金融科技法制與監理變革的形塑力量與關鍵趨勢
28. Examining the Diffusion of Emerging Financial Regulatory Regimes: The Case of Regulatory Sandbox, 60 Wenti Yu Yanjiu 1-58 (2021) (with Ping-Kuei Chen) 初探新興金融監理制度之擴散 (TSSCI Tier 1)
29. Regulatory Conundrums and Legal/Regulatory Strategies for Fintech Developments: Focusing on the Regulations and Practices in Taiwan, 163 NCCU Law Review 139-218 (2020) 論金融科技發展的監理難題與法制策略 (TSSCI Tier 1)
30. Open Banking and Consumer Empowerment, 471 Consumer Reports 15-18 (2020) 開放銀行與消費者賦權
31. Cultivating Innovation Genes for Governance of Global Finance, 36 Financial Joint Credit Information Magazine 3-13 (2020) 培植全球金融治理的創新基因
32. The Rise of Cryptoassets and the Changing Roles of Financial Regulatory Agencies, 301 The Taiwan Law Review 64-85 (2020) 論密碼資產的興起與金融監理機關之職能變革
33. Proposals for Developing SupTech in Taiwan, 32 Deposit Insurance Quarterly Journal 50-77 (2018) 台灣發展監理科技之芻議
34. The Fundamental Challenge of Open Banking – The Choice of T.S.P. Governance Models, 97 Financial Information Quarterly Journal 8-15 (2019) 開放銀行的關鍵挑戰
35. Implementing Open Banking in Taiwan – A Perspective from International Developments, 34 Financial Joint Credit Information Magazine 4-12 (2019) 從國際發展趨勢論我國推動開放銀行應有之思考
36. From Industry Sandbox to Supervisory Control Box: Rethinking the Role of Regulators in the Era of Fintech, University of Illinois Journal of Law, Technology & Policy 355-404 (Fall 2019)
37. RegTech and the New Era of Financial Regulators: Envisaging More Public-Private Partnership Models, 21(2) University of Pennsylvania Journal of Business Law 354-404 (2018) (with Yueh-Ping Yang)
38. Fintech Regulation and A Review of Taiwan’s Financial Regulatory Sandbox Mechanism, 38(4) Management Review 15-31 (2019) (with Jin-Lung Peng) 金融科技監理與我國金融監理沙盒制度之檢視 (TSSCI Tier 1)
39. A Regulatory Diagnostic Toolkit for Analysing the Regulatory Frameworks for Digital Financial Services in Emerging Markets, 34 Banking & Finance Law Review 1-28 (2018) (with L. Malady, R. Buckley & A. Didenko)
40. A Tentative Analytical Framework and Developing Roadmap for SupTech, 37(4) Management Review 15-39 (2018) 試論金融監理科技的分析框架與發展圖像 (TSSCI Tier 1)
41. Constructing Supporting Mechanisms for the Fintech Innovative Experimentation in Taiwan, 6 Angle Accounting Magazine 21-29 (2018) 建構台灣金融科技創新實驗的配套機制
42. Trends in Crowdfunding Regulation – From the Perspective of Blockchain Financing, 273 The Taiwan Law Review 72-105 (2018) (with Wang-Ru Tseng & Kai-Lin Faung) 從區塊鏈融資論眾募規範趨勢
43. Balancing the Governance of the Modern Financial Ecosystem: A New Governance Perspective and Implications for Market Discipline, 40 Houston Journal of International Law 531-612 (2018)
44. The Seven Deadly Sins of the Contemporary Financial System, 37 Review of Banking and Financial Law 359-412 (2017)
45. Book Review: Reconceptualising Global Finance and Its Regulation (Buckley, Avgouleas & Arner eds, CUP 2016), 81(1) Modern Law Review 182-186 (2018)
46. Promoting Financial Inclusion by Encouraging the Payment of Interest on E-Money, 40(4) UNSW Law Journal 1558-1572 (2017) (with Louise Malady & Ross Buckley)
47. Rethinking Modern Financial Ecology and Its Regulatory Implications, 32(3) Banking & Finance Law Review 461-494 (2017)
48. Implications and Challenges of the Use of Blockchain for Financial Regulation, 267 The Taiwan Law Review 136-152 (2017) 區塊鏈運用對金融監理之啟示與挑戰
49. Reviewing and Redesigning the Post-Experimentation Phase of Taiwan’s Financial Regulatory Sandbox Regime, 266 The Taiwan Law Review 35-51 (2017) (with Jin-Lung Peng) 我國金融科技創新實驗落地機制之檢視與構建
50. Balancing Fintech Innovation and Regulation, Harvard Business Review (Complex Chinese Edition) 126-129 (Jan 2017) 金融科技創新與監理的平衡
51. Ex-Im Bank v Grenada: Adding Clarity or Confusion? 10(2) Capital Markets Law Journal (OUP) 142-161 (2015)
52. The Implications of the Final Volcker Rule for Taiwan’s Banking Industry, 5(40) Taiwan Cooperative Bank Monthly Review 4-26 (2014) 淺析沃爾克規則對台灣銀行業之影響與因應
53. Developing the Market for Contingent Convertible Capital Instruments in Taiwan: A Proposal for Regulatory Design and Cross-Strait Financial Supervision, 26 Deposit Insurance Quarterly Journal 30-49 (2014) 我國銀行應變資本工具之發展芻議

Others

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• A Regulatory Diagnostic Toolkit for Analyzing the Regulatory Frameworks for Digital Financial Services in Emerging Markets, UNSW Law Working Paper (Feb 2017) (with Louise Malady, Ross Buckley & Katharine Kemp) — the world’s first structured analytical framework helping regulators systematically assess, adapt and advance their regulatory regime for digital financial services.
• Regulatory Handbook: The Enabling Regulation of Digital Financial Services, UNSW Law Research Paper No. 2016-05 (Dec 2015) (with Louise Malady & Ross Buckley).
• Regulating the Use of Digital Financial Service Agents in Developing Countries, United Nations Capital Development Fund (UNCDF) Briefing Note (2015) (co-authored as a member of the UNSW Digital Financial Services Research Team).
• Protecting Customers’ Mobile Money Funds in Civil Law Jurisdictions, UNCDF Briefing Note (2015) (co-authored as a member of the UNSW Digital Financial Services Research Team).

Op-eds & Commentaries

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• “Three Highlights of Taiwan’s Financial Regulatory Sandbox”, Economic Daily News (12 Jan 2018) (with Jin-Lung Peng) 金融監理沙盒的三亮點，經濟日報
• “We Need Sandbox Simulation More than Sandbox”, Commercial Times (12 May 2017) (with Jin-Lung Peng) 我們需要模擬監理沙盒更甚監理沙盒，工商時報
• “The Post-Experimentation Phase of the Sandbox Regime”, Commercial Times (16 Feb 2017) (with Jin-Lung Peng) 後監理沙盒階段才是關鍵，工商時報
• “Guiding Principles for Global FinTech Regulation”, Storm Media (29 Sep 2016) 全球金融科技監理的邏輯與綱領，風傳媒
• “Shaping Standards for Global FinTech Regulation – Analyzing G20 High-Level Principles for Digital Financial Inclusion”, Storm Media (16 Sep 2016) 形塑全球金融科技監理標準的關鍵語彙，風傳媒
• “A Proposal for Innovative FinTech Regulation – Regulatory Sandbox in Taiwan”, Storm Media (1 Sep 2016) 金融科技創新監理芻議—監理沙盒在台灣，風傳媒
• “The Chinese Financial System vs. the Western Financial System: Differences and Similarities”, CIBEL blog, UNSW (30 Aug 2016)
• “Introducing Australia’s New Payments Platform”, Digital Frontiers Institute (11 May 2016)
• “FinTech Disruption – Toward A New Regulatory Paradigm”, CommonWealth Magazine (Opinion) (19 Jan 2016) FinTech領潮 航向金融監理新境界，天下雜誌獨立評論
• “FinTech in Taiwan – Balancing Innovation and Regulation”, CommonWealth Magazine (Opinion) (16 Jan 2016) FinTech在臺灣 創新與監理的平衡思維，天下雜誌獨立評論
• “Engage in A True Fight: The Supervisory Mechanism of Cross-Strait Agreements”, Apple Daily (7 Apr 2014) 兩岸協議監督條例 從筆尖到交鈀，蘋果日報
• “The Implications of China’s Cash Crunch and the Chinese Shadow Banking System for Cross-Strait Financial Integration”, ETtoday (26 Jun 2013) 620錢荒與中國影子銀行體系對兩岸金融大競合的啟示，東森新聞雲
• “The Separation of Banking and Commerce Principle at A Cross-Road”, ETtoday (19 Dec 2012) 十字路口上的產金分離原則，東森新聞雲