LOOSE CHANGE
LOOSE CHANGE
Taiwan is deregulating its foreign exchange market by allowing overseas money brokers to establish branches, according to new regulations issued August 11 by the Central Bank of China (CBC) in Taipei. The move signals the end to a monopoly on forex brokering by the non-profit making Taipei Foreign Exchange Market Development Foundation. Under the new rules, overseas FX brokers will have to be limited liability stock companies. Their Taiwan branches will require a minimum capital equivalent to $3
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