UK Watchdog Grants Third E-Money License to #Crypto Company

August 24, 2018

 

UK watchdog The Financial Conduct Authority (FCA) has granted its third e-money license to a crypto-related company. The new license has been issued to Wirex, whose main product is a prepaid debit card that converts crypto into fiat currency for everyday use. The FCA granted an e-money license to major US crypto exchange and wallet service Coinbase this March, which applies to the firm’s fiat, not cryptocurrency, dealings. The license has facilitated Coinbase’s cooperation with UK banks and its access to the UK’s Faster Payments Scheme (FPS), as well as contributing to its ability to roll out support for the Pound sterling on its trading platform this August. Alongside licensing issuance, the FCA established a UK fintech sandbox in March 2016 with the purpose of facilitating innovative fintech development within a protected testing environment that eases strict regulatory requirements. In March 2018, the FCA extended its sandbox globally, aiming to accelerate global cooperation in the financial sector.

Read more...

Tags:

Share on Facebook
Share on Twitter
Please reload

Featured Posts

#Binance Adds #BTT/PAX, BTT/TUSD and BTT/USDC Trading Pairs

February 14, 2019

1/3
Please reload

Recent Posts
Please reload

Beginner's Bitcoin Buying Guide

Learn how to buy

bitcoin with this free step by step guide for  beginners.

Click here to read

Please reload

Archive

© 2018 by TheCryptoCoinCenter.com  - email  us: TheCryptoCoinCenter@gmail.com

Terms of Use and Privacy Policy Disclaimer: Most of the articles, ratings, and reviews are posted because we are compensated in some way.

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square