« Presently, there is no specific law or regulation in Indonesia that addresses
the use of artificial intelligence, including robo-advice, but there is an
objective if their strategy to establish ethical and relevant policies. » Currently Taiwan has no AI-specific laws or regulations, but a draft
Basic Act for Developments of Artificial Intelligence was proposed
to the Legislative Yuan. The passage is unlikely within the current
legislative term. In June 2023, a new government policy titled the
“Taiwan Artificial Intelligence Action Plan 2.0” was announced by
the Executive Yuan with the intent to increase the value of the local
AI industry to more than TWD 250 billion (USD 8.16 billion at current
rates). The Ministry of Digital Affairs is expected to create draft acts for
AI regulation.
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