In January of this year, bitFlyer was granted a European Union payment institution license, making it — in the words of the company's CEO — «the most compliant virtual currency exchange in the world.» (ccinews.net)
Finnish crowdfunding and peer - to - peer lending platform Fellow Finance announced on Tuesday it received payment institution authorization from the Financial Supervisory Authority of Finland. (crowdfundinsider.com)
This scenario would increase the efficiency of wholesale payment systems, and has few drawbacks for the public at large or for policy makers, although banks could be hit due to higher competition with non-bank payment institutions. (disruptive.asia)