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

Cointelegraph

Published Jun 14, 2019 03:01PM ET

Updated Jun 14, 2019 04:22PM ET

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.

Continue Reading on Coin Telegraph