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You don't "just get" an emoney license. When you apply for the license you sign up to a bunch of regulatory scrutiny most of which seems to be antithetical to
by seanhunter 7y ago
You don't "just get" an emoney license. When you apply for the license you sign up to a bunch of regulatory scrutiny most of which seems to be antithetical to this kind of project.[1]
The UK financial regulators are not dumb and have thought this through.
[1] Specifically here are details of the emoney regulations if you're interested https://www.fca.org.uk/firms/electronic-money-payment-institutions https://www.fca.org.uk/firms/electronic-money-payment-instit...
- krn 7y ago> The UK financial regulators are not dumb and have thought this through. The UK financial regulators have already given the Electronic Money license to at least three crypto companies[1]. [1] https://cointelegraph.com/news/uk-watchdog-grants-third-e-money-license-to-crypto-company https://cointelegraph.com/news/uk-watchdog-grants-third-e-mo...
- jbverschoor 7y agoFud