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Iceland’s Financial Regulator Approves Blockchain-Powered E-Money Firm

Published on: Friday 14 June 2019

Iceland’s Financial Regulator Approves Blockchain-Powered E-Money Firm The Financial Supervisory Authority (FME), Iceland’s sole financial regulator, has approved the first blockchain-powered e-money firm in the country, as the organization announced on June 14. Reykjavik-based Monerium, backed by blockchain software company ConsenSys, has reportedly been approved by the Icelandic financial watchdog to provide fiat payment services using ethereum (ETH) blockchain, crypto media outlet CoinDesk reported June 14. According to the report, Monerium has become the first company to operate under an electronic money framework, a major European regulatory framework that enabled the firm to offer blockchain-powered e-money services across the European Economic Area (EEA).


News source: https://finance.yahoo.com/news/iceland-financial-regulator-approves-blockchain-190100164.html

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