Lack of regulation and more specifically approval from leading economies’ official regulatory bodies has been somewhat of a thorn in the side of the burgeoning cryptocurrency industry. This problem led co-founders Pavel Matveev and Dmitry Lazarichev of Wirex Limited, one of the space’s leading digital money payments platform, to apply for a UK FCA (Financial Conduct Authority) e-money licence. The licence, which was granted on August 20th this year (No: 902025), is a significant milestone for both Wirex and the industry as a whole.
