26th February 2020, 18:49
A crypto trading and payments app has received full DLT license approval from the Financial Services Commission.
Tap Global, known as TAP, helps users access real time crypto trading with numerous exchanges, and can also be linked to bank accounts in either Sterling or Euro. According to Hassans, it's one of the first fully regulated projects to bridge the gap between crypto currencies and traditional finance.
Assets are held in multi-signatory wallets known as 'cold wallets' or as segregated electronic money accounts with an e-money partner. Its customers can add payment cards to access funds in real time.
Co-founder and COO of the company says that crypto-related activity is still unregulated in most of the world, but that being regulated was the way forward.