Bitcoin Central Licensed to Work with Payment Services Provider in France
This Friday, Bitcoin Central, a Bitcoin exchange based in France, announced what has already been hailed as a major step forward for Bitcoin: they are now licensed to perform many of the same functions as a bank. Soon, a Bitcoin Central account will have all of the core features of a standard bank account in Europe. Each account will have its own....
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Last year in December, Bitcoin Central, the leading Bitcoin exchange in France, shocked the Bitcoin world with an announcement which at the time was the first of its kind: a formal partnership with Aqoba, a licensed payment services provider - a classification which Bitcoin Central's David François described as "exactly what a bank does, minus the issuing of credit". Thanks to Aqoba, Bitcoin Central users would have the fiat portion of their funds stored in an actual, federally insured, bank account, which they could send money to via traditional mechanisms like wire transfer.....
A conference on the challenges arising with the emergence of new payment services and digital currencies was held last week in Paris by the Autorité de Contrôle Prudentiel et de Résolution (ACPR). The goal of the conference was to clarify the regulatory body's stance on licensing and reporting requirements faced by businesses in new payment services. ACPR, which can be translated as 'French Prudential Supervisory Authority', monitors the activities of banks and insurance companies in France. It is directly linked to the country's central bank, la Banque de France, with its president being....
France’s central bank is opening up a new innovation lab, with an eye to collaborate with blockchain startups. In a speech given late last month by Banque de France governor Villeroy de Galhau and published today, the central bank indicated that it wants to widen its work with the tech. In December, central bank officials unveiled details of a digital identity trial which saw the institution work with public-private investment office Caisse des Dépôts et Consignations, Paris-based startup Labo Blockchain and a group of undisclosed domestic banks. That trial came months after the Banque de....
The Central Bank of Bahrain gives the nod to EazyPay, launching crypto payments for more than 5,000 payment gateways in the country. Cryptocurrency adoption continues growing in the Kingdom of Bahrain, with local companies enabling payments in crypto like Bitcoin (BTC).EazyPay, an online payment platform regulated by the Central Bank of Bahrain (CBB), has partnered with Binance Pay to enable crypto payments in the country, EazyPay CEO and founder Nayef Tawfiq Al Alawi announced on Wednesday.The newly launched crypto payment option will be available in more than 5,000 point-of-sale (POS)....
Mercedes owner Daimler AG has announced its takeover of PayCash Europe, a provider of Bitcoin payment services alongside others, in a move that will see the corporation venture into mobile payments. Mercedes Buys Bitcoin Services Provider. PayCash, which also offers solutions for Bitcoin and cryptocurrencies, is a Luxembourg-regulated licensed e-money transmitter. It will be used by Daimler to launch mobile payments for Daimler products and services under the Mercedes Pay brand. “‘Mercedes pay’ is a fundamental component of our mobility and digitization strategy,” Bodo Uebber, Member of....