Bitcoin Platform Globitex Becomes Authorised Electronic Money Institution (EMI)

[kreslik.news]

NexPay UAB, a subsidiary of European Bitcoin exchange platform Globitex, has just obtained authorisation with the Bank of Lithuania as an Authorised Electronic Money Institution (EMI), per a corporate statement.

Becoming a fully regulated e-money provider moves NexPay’s business into a new field, allowing the company to improve and extend services to customers. The new status, which is fully passportable to all other EU member states, enables NexPay to issue electronic money and to carry out various related payments services across all 28 countries.

As per the license details, the updated status allows NexPay to enable cash placement and withdrawals, execute both ... (read more)