Virtual Banking License Granted to 3 Firms in Taiwan

Three firms in Taiwan, Rakuten International Commercial Bank, LINE Financial Taiwan (a subsidiary of the LINE Group in the country) and the local operator Chunghwa Telecom has been granted with virtual banking licenses by the government. The permission granted allows the firms to act like virtual banks in the country indicates that the government are on the move in regulating the industry properly.

Leave a Reply

Your email address will not be published. Required fields are marked *