Bitcoin’s New Competitor? Facebook Obtains E-Money License in Europe
The Central Bank of Ireland recently granted Facebook Payments International Limited (FBPIL) an e-money license, which effectively allows Facebook to facilitate peer-to-peer payments on its platform. Since Ireland is one of the member nations of the European Union (EU), Facebook is authorized to operate as a money transmitter in all of the EU states. On Oct. 24, Facebook was granted an e-money license in the EU, which meant that the company could roll out the same feature US-based consumers currently use: an embedded payment solution built on top of its native messenger application. In an....
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PRESS RELEASE. CoinDeal is pleased to announce that it is now the first publicly known company to have obtained a Class 4 Virtual Financial Assets License in Principle Approval from the Malta Financial Services Authority (MFSA). The exchange received the letter on 16 December, 2020. This allows CoinDeal to provide the following VFA services to both Experienced and Non-Experienced investors: Operation of a VFA Exchange, Dealing on own account and Holding and controlling of clients’ assets and money. In-principle approval means that the exchange received ‘in-principle....
BitStamp has become the first bitcoin company to receive a national financial services license. Internationally renowned Bitcoin exchange BitStamp today announced that it has become a fully-regulated payment institution in Luxembourg. The Slovenia-based bitcoin exchange confirmed being the world’s first-ever digital currency firm to have obtained a national license, thereby enabling people to legally trade Bitcoin against the fiat currencies across all the 28 European countries. It became possible due to a treat program between the European nations, which allows finance service providers....
Recently, Facebook revealed through its newsroom that global government requests in the first half of 2016 for personal user information increased by 27% globally, from 46,710 to 59,229 requests. The total government requests for Facebook user data are set to surpass 100,000 by the end of 2016. The sheer amount of data requests demanded by authorities suggests that Facebook’s money transmission or P2P networks are not optimal for user privacy and security. Facebook stated: “Government requests for account data increased by 27% globally compared to the last half of 2015, increasing from....
One of the world’s largest bitcoin exchanges is reportedly close to announcing a new deal with the Luxembourg government that would enable it to launch regulated and licensed services across Europe. According to sources, Bitstamp may have secured a payment institution (PI) or electronic money institution (EMI) license from Luxembourg regulators, a move that the company has reportedly said would allow it to become "the first regulated and licensed bitcoin exchange for all 28 countries in the EU". Founded in 2013 and originally based in Slovenia, Bitstamp has long been one....
One of the world’s largest crypto firms, Binance, is aggressively making its presence felt across several nations. Before now, the crypto company has launched its operations in Europe. This event followed its launch in Italy and France. Furthermore, the blockchain service provider established its roots in Spain after obtaining another operating license from the Bank […]