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Coinbase Granted UK E-Money License & Bank Account for UK, EU Markets
Major cryptocurrency exchange Coinbase is making significant strides in its European expansion. San Francisco-based Coinbase has now received an e-money license by the Financial Conduct Authority (FCA), the UK’s financial regulator, enabling the cryptocurrency exchange to provide payment- and electronic money services as cash alternatives to customers in the United Kingdom and 23 countries within the European Union. Coinbase UK chief executive Zeeshan Feroz claims the license mandates Coinbase to comply with ‘strict rules’ enforced by UK regulators. In addition, Coinbase is laying claim to becoming the first cryptocurrency exchange to obtain its own UK-based bank account wherein Coinbase will...
Missing Bitcoin Billions from Mt Gox Linked to UK Company
The Mt Gox hack back in 2014 was one of the largest Bitcoin heists in history. Four years ago cryptocurrency was the relatively unknown domain of tech geeks and futurists so this did not make big news. The Tokyo based exchange handled as much as 70% of the world’s Bitcoin transactions at the time. It has been revealed that a UK company has been linked to the theft of 650,000 Bitcoins from the exchange. Unraveling the Mt Gox Robbery According to a BBC report the London-based firm Always Efficient LLP claimed to be operating the exchange at the time though it was...
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