Approved foreign exchange business in January 2021
Central Bank of the Republic of China (Taiwan)
PRESS RELEASE Release Date: February 19, 2021
Approved foreign exchange business in January 2021
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
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E. Sun Commercial Bank to issue foreign currency denominated negotiable certificate of deposits.
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Yuanta Commercial Bank to provide digital foreign exchange deposit account opening service to customers.
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One branch of one bank to operate the foreign exchange business. As of the end of January 2021, there were 3,466 authorized banks, including 3,428 domestic banks, 3 Mainland banks, and 35 foreign banks.