Cryptocurrency services provider, has been granted an e-money license by ( FCA )



Wirex Ltd., a cryptocurrency services supplier, has been granted an e-money license by the UK’s financial Conduct Authority (FCA), opening up a much broader market and allowing the company to offer services supporting over 25 different sovereign currencies.

Wirex is currently following similar accreditation in different countries and is the method of developing offerings in Asia, including Singapore and Japan, as well as North America, the company said on Thursday.

Wirex co-founder Pavel Matveev said that working closely with regulators round the world was testament to the company’s robust approach to security and compliance.

“Focusing on these vital milestones is key to achieving our ambitious international expansion plans. The FCA e-money license is simply the primary step to making a broad and versa-tile providing that meets the varying desires of consumers worldwide,” Matveev said.

“We are aiming to bring crypto to the mainstream while also providing an innovative, complete solution for managing both crypto and fiat money day-to-day. We’re delighted to be able to take this next step and push forward with these internationally-recognized credentials in place.”


Wirex is developing a “hybrid personal banking solution” that supports each sovereign currencies as well as GBP, USD and EUR, and cryptocurrencies such as bitcoin, litecoin, and dash. Today, the company provides a digital platform that enables users to manage and pay their funds hassle-free, in addition to exchange services and payments solutions. The Wirex digital wallet comes with a connected Visa debit card.

The company said in a blog post that the e-money license “will boost trust in Wirex and cement our reputation as a worldwide player.” The license “sets Wirex apart from the unregulated, usually insalubrious world of initial coin offerings (ICOs),” it said in a separate statement.

Dmitry Lazarichev, co-founder of Wirex, noted that acquiring an FCA license had been the company’s ambition since launching the company.

“The license offers us the freedom to optimize our e-money offering, which will result in lower costs and fees for our customers,” Lazarichev said, adding that the allow “assures users that Wirex is trustworthy and committed to maintaining high compliance standards in its business operations.”

Wirex has offices in London, Singapore, Tokyo, Delaware, Toronto and Kiev, and claims 1.8 million users and US$2 billion in transactions so far.

Komentar

Posting Komentar

Postingan populer dari blog ini

Amid Nth Room Sexual Exploitation Case Rumors,Huobi Korea Delists XMR

Gambar
Huobi Korea announced on April 8 that they might be ending support for Monero (XMR) trading starting on April 9, 2020. They stated that this was thanks to "low trading volumes and anonymity functions". They didn't , however, reference the recent Nth room case, during which South Korean media has speculated the exploitation ring used XMR to finish anonymous transactions. According to the South Korean newspaper, Sisa Journal, headlines covering the sexual exploitation case remained rampant within the country, with many news outlets suggesting that Monero has been used for criminal acts, specifically within the Nth case. The quoted case is an ongoing criminal investigation that allegedly involved sexual exploitation and therefore the distribution of videos containing rapes among Telegram chat rooms. Bithumb still lists XMR in South Korea despite the reports Sisa Journal is additionally reporting that another cryptocurrency exchange, Bithumb, has been struggling for...
Baca selengkapnya

What Is Digital Currency And How It Works?

Gambar
Digital currency, on the flip side, is utilized to specifically refer to the digital currency that's created and stored electronically. Since it is nothing more than intangible data it is more prone to fraud than physical currency in that it is possible to duplicate a unit of currency thereby causing inflation or altering the value of a transaction after it has been made for personal gain. It is an online form of currency that can easily be used over the web as a replacement for the traditionally used physical form of currency such as banknotes and coins. The exchange rate for digital currencies all around the world remains universal also. If you aren't a huge fan of digital currencies, and could be skeptical towards it, the very first question that would probably get into your head is why are you going to use it should you do have a stable currency already you may hold and are sure has actual price. Due to our electronic planet, you can purchase a home from your cellphone, se...
Baca selengkapnya

Tries to Steal Crypto Through Fake Google Chrome Wallet Extensions by Mystery Hacker

Gambar
Harry Denley, director of security at wallet provider MyCrypto, who identified the fake wallet extensions, said in a report Tuesday that Google has so far removed 49 extensions that purported to be well-known crypto wallets from its Chrome Web Store. The fake extensions are basic phishing plays. Posing as legitimate wallets, they leak personal information inputted by users, such as private keys and passwords, to the hacker, who can then drain balances in a matter of seconds. The fakes detected have so far claimed to be wallets such as Ledger, Trezor, Jaxx, Electrum, MyEtherWallet, MetaMask, Exodus, and KeepKey. Test amounts of crypto sent by Denley have not been picked up, suggesting that either the hacker has to manually empty wallets or that they are only interested in comparatively large balances. On the Chrome Web Store, most of these apps had consistently good reviews written typically in simplistic or broken English. On the basis that the admin email appears to be a Rus...
Baca selengkapnya