The Central Bank of Taiwan published its August 2025 approvals for foreign exchange business, authorizing an insurer and several banks to expand activities spanning foreign exchange wealth management, foreign currency funding instruments, and foreign-currency securities investment. KGI Life Insurance was approved to engage in wealth management business involving foreign exchange. First Commercial Bank and Bank of Taiwan were approved to issue foreign currency denominated negotiable certificates of deposit, while Bank SinoPac was approved to conduct trust-type discretionary investment in foreign-currency denominated securities. The Bank also approved one branch of one bank to operate foreign exchange business and reported that, as of end-August 2025, there were 3,450 authorized banks comprising 3,410 domestic banks, three Mainland banks, and 37 foreign banks.
Central Bank of Taiwan 2025-09-12
Central Bank of Taiwan approves August 2025 foreign exchange business expansions and reports 3,450 authorized banks
The Central Bank of Taiwan has authorized KGI Life Insurance and several banks to expand foreign exchange activities, including wealth management and foreign currency funding instruments. Approvals include First Commercial Bank and Bank of Taiwan issuing foreign currency denominated negotiable certificates of deposit, and Bank SinoPac conducting trust-type discretionary investment in foreign-currency securities. As of August 2025, there are 3,450 authorized banks, including domestic, Mainland, and foreign banks.