2 years ago
Payments startup Bottlepay said it has been approved by the Financial Conduct Authority (FCA) to transportation retired crypto-asset activities successful the U.K., making it the archetypal Lightning network-based steadfast to win support from the country’s fiscal regulator .
Bottleplay, which is owned by bitcoin concern institution NYDIG, allows users to marque micropayments utilizing messages connected Twitter, Reddit and Discord connected the Lightning network, a furniture connected apical of the Bitcoin blockchain that enables transactions to beryllium carried retired much quickly.
FCA registration demonstrates that a steadfast has met the watchdog’s anti-money laundering and counter-terrorist financing regulations. The FCA became the overseer for specified matters successful the U.K. successful January 2021, requiring each crypto-asset firms to registry successful bid to proceed to operate.
Bottlepay is based successful Newcastle successful northeast England and was purchased by New York-based NYDIG for astir $300 cardinal successful banal past October. It is disposable successful the U.K. and crossed Europe.
Jamie Crawley is simply a CoinDesk quality newsman based successful London.
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