Crypto.com Suspends Visa Card Issuance as Wirecard Solutions Halted by the UK FCA, Funds Are Safe
bitcoinschannel.com
Following the drama with Wirecard, the UK Financial Conduct Authority (FCA) has suspended its subsidiary Wirecard Card Solutions to conduct any regulated activities. Since Wirecard Card Solutions issue cryptocurrency debit cards for TenX and Crypto.com, both companies published statements ensuring that customers’ funds are safe, but some operations could be affected.
The problems spiraled earlier today as the UK FCA, which authorizes and supervises the subsidiary Wirecard Card Solutions, announced its suspension. Nevertheless, the company also outlined that all customer funds are safe and that it’s working on processing credits to “cryptocurrency wallets equivalent to the fiat balances held on the card.”
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