Company Xapo, the operator of a popular bitcoin wallet, announced the expansion of its activities in Gibraltar.
The startup has already received a license to provide financial services in the British overseas territories and requested the regulators a number of additional permissions. Licensing blockchain-companies the financial services Commission of Gibraltar (GFSC) introduced in January of this year.
Founded in 2014 the company is the largest store of bitcoins in the world. Xapo offers the users of her purse, the possibility of “cold storage” for BTC that means placing crypto-currencies in offline storage, not available online.
The company had previously offered users of her purse, the possibility of issuing debit payment bitcoin card, but because of problems with regulators were forced to close the service earlier this year.
No details about what specifically will be the extension of the activities in Gibraltar, in Xapo said. It is known that the head of Wences Casares (Wences Casares) held a meeting with the head of the government of Gibraltar and the Minister of trade.
We will remind that earlier Wences Casares criticized the position of people who do not trust bitcoin, but appreciate the technology of the blockchain.