Financial Supervisory Commission
Federal · New York, United States · 11-50 Employees
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Overview
Headquarters
1 E.42 St 13F, New York City, New York, ...Phone Number
(212) 317-7323Website
www.fsc.gov.twRevenue
<$5 MillionIndustry
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Financial Supervisory Commission News & Media
Taiwan's Financial Watchdog Bans Use Of Credit Cards For Crypto Purchases
The Financial Supervisory Commission (FSC) of Taiwan has banned the use of credit cards for cryptocurrency transactions on the island nation. According to a letter issued by the financial watchdog to the banking industry association, banks have been directed to not grant the “merchant status” to virtual asset providers serving credit card holders. read moreXREX Acquires Lithuania's Official Approval as a Crypto Asset Service Provider
TAIPEI, May 24, 2022 /PRNewswire/ -- Blockchain neo fintech company XREX Inc. announced today that it has registered and acquired approval to be a crypto asset service provider in Lithuania and will now be able to provide cryptocurrency services in Lithuania, adding another piece to its compliance puzzle after it acquired a Money Services Business (MSB) license from the United States Financial Crimes Enforcement Network (FinCEN), Canada's MSB license, and completed Anti-Money Laundering (AML) stCapital reduction plans spark scrutiny - Taipei Times
The Financial Supervisory Commission (FSC) is to tighten its review of listed companies’ capital reduction plans after dozens of firms announced reductions in the first quarter, the commission said yesterday. The commission requires certified public accountants to justify the necessity of a capital reduction and its effects on a company’s financial structure if it plans to cut capital by more than 50 percent. Given a rise in the number of local companies that have applied to reduceCitibank must protect workers rights, FSC says
Citibank Taiwan Ltd () must ensure that its agreements with prospective buyers do not jeopardize its employees rights, the Financial Supervisory Commission (FSC) said on Thursday. The commission made the remarks in response to media reports that the bank had signed confidentiality agreements with prospective buyers barring them from hiring its employees. Citibank Taiwan has been seeking a buyer for its consumer banking bu
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Frequently Asked Questions Regarding Financial Supervisory Commission
The FSC seeks to ensure safe and sound financial institutions, maintain financial stability, and promote the development of the company's financial markets. Since its establishment, the main goals of the FSC have been to: create a sound, fair, efficient, and internationalized environment for financial industry, strengthen safeguards for consumers a... Read More