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Bitcoin Custodian Xapo Set to Receive Banking License in Gibraltar
Summary: “Xapo have now established themselves in Gibraltar as a fully-fledged bank,” Gibraltar’s Finance Minister Albert Isola told Decrypt. Xapo already holds an e-money license in Gibraltar, is in the final stage of being granted a fully accredited institution license. Gibraltar has long been ahead of the curve within the digital assets space; it introduced legislation ...
“Xapo have now established themselves in Gibraltar as a fully-fledged bank,” Gibraltar’s Finance Minister Albert Isola told Decrypt. Xapo already holds an e-money license in Gibraltar, is in the final stage of being granted a fully accredited institution license.
Gibraltar has long been ahead of the curve within the digital assets space; it introduced legislation to regulate digital ledger technology at the beginning of 2018 and has now granted over a dozen operating licenses to crypto companies, including exchanges eToro, Huobi, Bitso, and LMAX.
