FCA Suspends Wirecard Subsidiary, Locking Up Crypto Card Users’ Funds
insidebitcoins.com
The UK’s financial regulator, the Financial Conduct Authority (FCA), has officially suspended the license of Wirecard Card Solutions (WCS) on Friday. This stands as a unit of the ever-troubled company, Wirecard AG, which itself stands responsible for issuing Visa cryptocurrency debit cards.
What this means for the public at large, is that some card users, like the Mco visa debit card from Crypto.com, or the Tenx visa debit card, will no longer be guaranteed to have access to their funds, at least for the time being. Crypto.com and Tenx, the crypto card operators, has already explained to customers that their respective funds were kept safe.
Read in Full: insidebitcoins.com
