Ziglu, a digital currency startup, has been authorised by the Financial Conduct Authority (FCA) to operate as a Small Electronic Payment Institution (SEPI). This means that Ziglu can offer customers e-money wallets and current accounts in British pounds sterling, Euros and US dollars. ziglu financial conduct authoritybrownecnbc
The FCA’s decision is a boost for the UK’s burgeoning fintech sector and comes at a time when the cryptocurrency industry is under intense scrutiny. ziglu financial conduct authoritybrownecnbc
The UK’s financial regulator is investigating a new digital currency company, ziglu, over concerns that it may have breached rules on anti-money laundering and countering the financing of terrorism. ziglu financial conduct authoritybrownecnbc
The Financial Conduct Authority (FCA) said it was “gathering intelligence” on ziglu and had not yet reached a conclusion on whether or not it had broken any rules. ziglu financial conduct authoritybrownecnbc
Ziglu, a digital currency startup, has been granted an e-money license by the UK’s Financial Conduct Authority (FCA). This allows the company to provide “payment services” and means it is now regulated by the same body as traditional banks. ziglu financial conduct authoritybrownecnbc
Ziglu plans to launch a mobile app that will allow users to buy, sell, and hold cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
