Approved foreign exchange business in March 2021
Central Bank of the Republic of China （Taiwan）
PRESS RELEASE Release Date: April 13, 2021
Approved foreign exchange business in March 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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First Commercial Bank to engage in foreign securities trading business provided such trading is neither an investment of proprietary funds nor done to meet hedging purposes.
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LINE Bank to provide overseas consumption and cash withdrawal through International ATM Cards.
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Taichung Bank Securities Investment Trust Co., Ltd. to act as a single master agent in offering and selling offshore funds in Taiwan.
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AllianceBernstein Investments Taiwan Limited and Gamma Paradigm Advisory to act as the domestic trustee of private placement offshore funds to manage the sale of funds to specific clients.
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As of the end of March 2021, there were 3,465 authorized banks, including 3,427 domestic banks, 3 Mainland banks, and 35 foreign banks.