Xapo to Expand its Operations in Gibraltar

[kreslik.news]

Xapo, a bitcoin technology company, announced today that it will be expanding its operations in Gibraltar. The company already holds a financial services license in Gibraltar and is in the process of seeking further authorisations from the regulatory bodies of the British overseas-territory.

Xapo was founded in 2014 and is purported to be the largest custodian of bitcoin in the world. The company offers customers ‘cold storage’ for their bitcoins meaning their stashes of the cryptocurrency are stored offline in secure vaults. The firm used to offer bitcoin debit cards but Visa, along with regulatory authorities, put an end to the ... (read more)