The Central Bank of Taiwan published the foreign exchange business approvals granted in December 2025, authorising a set of banks and financial firms to undertake additional foreign exchange-related activities. The approvals cover Bank of China Taipei Branch issuing foreign currency denominated negotiable certificates of deposit, and MUFG Bank Taipei Branch engaging in principal protected callable structured products composed of foreign currency interest rate swaps and foreign currency interest rate swaptions linked to foreign currency principals. Taiwan Life Insurance was approved to engage in wealth management business involving foreign exchange, and Uni-President Asset Management Corporation was approved to conduct foreign currency discretionary investment business. In addition, three branches of three banks were approved to operate foreign exchange business; as of end-December 2025 there were 3,448 authorized banks, including 3,408 domestic banks, three Mainland banks and 37 foreign banks.
Central Bank of Taiwan 2026-01-13
Central Bank of Taiwan approves foreign exchange business authorisations for Taipei branches of Bank of China and MUFG and other firms
The Central Bank of Taiwan authorized several banks and financial firms in December 2025 to expand foreign exchange activities, including Bank of China Taipei Branch, MUFG Bank Taipei Branch, Taiwan Life Insurance, and Uni-President Asset Management Corporation. As of the end of December 2025, there were 3,448 authorized banks, comprising 3,408 domestic banks, three Mainland banks, and 37 foreign banks.