Taiwan serves up a host of cross-border payment options
Regulatory roundup: Taiwan approves new FX businesses; China grants banks leeway for debt rollover; FASB defers revenue recognition standard
New FX businesses approved in Taiwan
On July 13, Taiwan’s central bank released a list of new foreign exchange (FX) businesses that were approved in June. The list covers areas such as onshore interbank clearing in euro and euro cross-border remittances. Authorised banks are now able to offer ATM foreign currency transfers so that a customer can transfer foreign currencies from another bank into a new Taiwanese dollar account via an ATM.
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