Starling Bank Co-Founder’s New UK-Licensed App Adds P2P Crypto Payments
Peer-to-peer cryptocurrency payments are now live on Ziglu, a week after the app-based platform got its EMI license from a U.K. watchdog.
The island's Financial Services Authority has set out how it will treat cryptocurrencies and crypto assets and which might be regulated as securities.
U.K. users of the exchange who have received £5,000 or more in the past tax year will have their information passed to the tax authority.
It would be "advantageous for Ripple to operate in the U.K.,” said Ripple CEO Brad Garlinghouse.
The cryptocurrency exchange and custodian has added the pound sterling (GBP) as a funding option.
Mode is expected to announce plans for a £40 million stock market listing sometime in the next month.