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Bitcoin [BTC]: Cryptocurrency retail broker, Bitpanda gains Payment Service Provider license

Priya

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Bitpanda, a leading retail broker for buying and selling cryptocurrencies in Europe, announced the receipt of a Payment Service Provider license, via an official blog post.

The retail broker also broke the news on Twitter, stating,

“We’re excited to announce Bitpanda has been granted a European PSD2 payment service provider license! What does that mean? We can launch new and innovative features we’ve been planning […]”

Bitpanda will be one of the few platforms in the cryptocurrency space to receive the payment service provider license, issued by the Australian financial market authority [FMA], according to the European PSD2 law.

PSD2 here, stands for Payment Services Directive 2, a directive by the European Union which is supervised by the European Commission. This directive regulates all payment services and payment service providers throughout the European Union and European Economic Area [EEA].

The main purpose of this directive is to increase participation and competition among European Union members in the payments system. This is achieved by allowing banks and non-banks to actively take part in the European payments market, while ensuring customers’ rights and protections.



The platform considered this approval a “significant milestone,” as it would enable them to launch “exciting features and products.” Further, the license would also allow the company to diversify its business model, which in turn, would play a key role in achieving their goal of connecting traditional finance with “the new finance world.”

DecFromBitpanda on Reddit stated,

“What does this mean for us and the industry? Well, we are one of the few European cryptocurrency fintechs to receive such a license and it allows us to offer even more innovative products and services – we can begin to connect the world of cryptocurrency and payments.”





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

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John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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