Blockchain-Start-up receives E-money license: The Icelandic Krona is digital

The Icelandic Blockchain Start-up Monerium may refer to a decision of the EMI now officially as an E-money institution.

By Christopher clover
17. June 2019BTC$9.268,00 0.83%part Facebook Twitter LinkedIn xing mail

The Icelandic FinTech companies Monerium has received from the competent financial supervision authority of the Status of Electronic Money Institiutes (EMI) will be awarded. Thus, the Start will be allowed to emit up in the future, first of all, a digital Form of the Icelandic Krona on the (Ethereum) Blockchain. The Monerium on 15. June in a press release known. The company sees its Version of E-money, the benefits of Distributed Ledger technologies, and a secure regulatory environment, and combines.

Monerium E-money includes the benefits of programmable money on the Blockchain, but it is also the closest to the Form of Central Bank money, also it is based on an established EU legal framework,

Co-Founder Jon Helgi Egillson said on the occasion of the conference "The Future of Money", the on 15. June in Stockholm has taken place.

the Monerium especially the automation of financial transactions, including payment transactions, trade Finance, securities processing and E-Commerce. The platform – which itself is based on the Ethereum block Chain – to support his "Blockchain-agnostic", i.e., other public and private crypto-networks.

The receipt of an E-money licence is an important milestone on the way to our destination, to manage the digital currency, accessible, safe, and easy,

Sveinn Valfells, CEO and Co-Founder of Monerium says. And continues:

To support our E-money Emission, we have developed a digital Banking platform that is with all the leading Blockchain protocols, and to other customers and financial service providers to extend. Our platform is based on open Standards and was developed to support distributed financial applications.

Monerium want on 18. June at the Copenhagen FinTech week officially in the Beta Phase of the platform cry out.

't the first Blockchain Start-up with an E-money license

suggests Differently as the title of the press release is not Monerium the world's first Blockchain-companies with an E-money license. So the crypto Start-up, TenX has only Recently received an EMI license. While Monerium the official blessing of the Icelandic financial Supervisory authority FME came, filed TenX its application to the Liechtenstein FMA. It can therefore be no question of that Monerium is the first block chain-based E-money-Institute.

Meanwhile, the Swedish Central Bank, with the idea of a digital counterpart to the Swedish Krona to offer. "Real" crypto-Stable-Coins to obtain, thus, increasing competition from traditional page – or it behaves at the end of Vice versa?

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