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Tag: xapo
Square Becomes the Seventh Cryptocurrency Business to Receive BitLicense
Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation
While many have criticized the New York authorities over the draconian nature of their BitLicense regulation, it appears the NYDFS has seen reasons to soften its requirements a bit to make it easier for more companies to receive the permit. Now, creators of the Square bitcoin app have been granted BitLicense – making it the seventh company to receive the…
Xapo’s Bitcoin Wallet Adds Support for Segregated Witness
Category: Bitcoin, Business, Finance, News
Back in August 2017, Segregated Witness (SegWit) was implemented for bitcoin; a protocol that’s aimed at alleviating the problems of scalability and high transaction fees. Now, Xapo has integrated SegWit into its wallets and vaults in a bid to serve its retail clients as well as institutional investors who use its cold storage vaults better. Another Significant Player Adopts Segwit…
Switzerland Enters a New Era of Banking With Xapo Approval
Category: Bitcoin, Business, Finance, News
After almost two years of negotiations and product restructuring, Xapo, “the Fort Knox of bitcoin” has achieved conditional approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate in Switzerland. Although subject to conditions, the approval marks the beginning of a new era of banking in Switzerland, offering a new type of digital financial intermediary to serve people, to…
