UK Watchdog Grants Third E-Money Licence to Cryptocurrency Company, Wirex

[kreslik.news]

The Financial Conduct Authority, the UK’s financial regulatoin authority, has granted an operating licence to another crypotocurrency company. This is the third e-money licence that it has issued.

E-Licence for E-Coin

The recipient company is Wirex of London, whose main product is a cryptocurrency payment card. It was established in 2014 as E-Coin, rebranded to Wirex in February 2016 and by September 2017 had registered $1 billion of transactions and 800,000 users, according to its website.

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The card is pre-paid debit card, meaning that it must be loaded up with ... (read more)