European Crypto Cards Reactivate as FCA Allows Wirecard to Resume Operation

Wirecard-issued crypto debit cards from companies like Crypto.com and TenX have been reactivated following permission from the United Kingdom’s Financial Conduct Authority, or FCA. On 29 June, the U.K. watchdog allowed Wirecard Card Solutions, a Newcastle-based subsidiary of troubled German company Wirecard AG, to resume regulated activity. The FCA suspended Wirecard Card Solutions’ license on June 26, soon after news about Wirecard AG misrepresenting over $2 billion in cash reserves surfaced. The respective restrictions were lifted at 00:01 GMT on June 30, 2020, meaning that all crypto debit cards issued…

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Bitcoin Legal in India: Exchanges Resume INR Banking Service After Supreme Court Verdict Allows Cryptocurrency

Indian cryptocurrency exchanges are bringing back banking support after the Supreme Court of India struck down the banking ban on the crypto industry. News.Bitcoin.com talked to several crypto exchange executives to find out the effects of the supreme court ruling and what their exchanges plan to offer users now that the banking ban has been removed. Also read: Indian Supreme Court Rules in Favor of Cryptocurrency — RBI Ban Lifted Supreme Court Verdict on Cryptocurrency After almost two years, the Indian crypto community finally won the battle against the Reserve…

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