The FCA, a British regulatory body, has given the green light to a major crypto firm Wirex by providing it with an e-money license. Wirex co-founder Pavel Matveev states that the company is also seeking legal recognition outside the UK, trying to additionally obtain licenses in the US and Japan.
The London-based firm is issuing a cryptocurrency card that allows making payments with a slew of digital assets. It has already surpassed more than $1 bln worth of transactions. Wirex has offices all over the world.
Meanwhile, the FCA urges traders to be cautious about a rising number of unregulated crypto-related businesses.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Tomiwabold Olajide
Gamza Khanzadaev
Dan Burgin
Vladislav Sopov