ConsenSys has joined a $ 2 million funding round for a blockchain startup led by a former chairman of the Central Bank of Iceland.
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Cryptocurrency Card Issuer Wirex Granted E-Money License in the UK
European crypto card provider Wirex has been awarded an e-money license by the Financial Conduct Authority in the UK. The accreditation will allow the company to create e-money accounts in more than two dozen different currencies. Wirex hopes to secure similar licenses in Asia and North America.
Also read: Check Which Coins You Can Spend With Debit Cards and Why Upcoming Fuzex Chooses BCH
Wirex to Create E-Money Accounts in 25 Currencies
Wirex Limited, a major provider of cryptocurrency debit cards in Europe, has been granted an e-money license by the Financial Conduct Authority. The watchdog regulates over 56,000 companies and 125,000 approved persons in the United Kingdom.
Coinbase Granted E-Money License by UK’s Financial Conduct Authority
Coinbase appears poised to increase its global market share for licensed cryptocurrency exchanges. It recently hired a mergers and acquisitions veteran who handled more than 40 deals for Linkedin, signaling its intent to start gobbling up competitors in the industry. Now it’s also established a new legal beachhead in the UK from which it can further penetrate the European bitcoin market.
Also Read: Coinbase Launches Cryptocurrency Trading Tax Calculator