Major London-based Crypto Firm Acquires FCA License

FCA gave the green light to a major crypto firm Wirex by providing it with an e-money license. The company is also seeking legal recognition outside the UK

Thu, 23/08/2018 - 12:47

Major London-based Crypto Firm Acquires FCA License

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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.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.