The registration marks a milestone in the maturity of the Bitcoin Lightning Network and will further develop the financial infrastructure in the future
New York And Newcastle, EnglandAnd January 11 2022 /PRNewswire/ – NYDIG, a leading Bitcoin company, announced today that its subsidiary Bottlepay, a global Bitcoin-based payments company, has been granted registration as a Cryptoasset Business by United kingdom Financial Conduct Authority (FCA). Bottlepay is one of a small number of crypto-asset companies that have secured something like this consent It is the first Lightning Network payments company to do so.
FCA registration requires companies to demonstrate compliance with the UK’s anti-money laundering and terrorist financing regulations. Firms dealing with crypto assets must register with the FCA to operate within the UK.
“Our registration with the FCA is an achievement not just for Bottlepay, but for the Lightning Network,” said Bottlepay founder. Shine’s house. “This registration shows that we can build the financial infrastructure of the future while maintaining today’s regulatory and compliance standards.”
By harnessing the power of Bitcoin’s Lightning Network, Bottlepay is building a global and open instant payment network. For consumers, the Bottlepay app can be used to send payments in Bitcoin, Sterling or Euro instantly and without fees. Bottlepay also offers multiple integrations with some of the world’s largest social networks such as Twitter and Discord. For businesses, Bottlepay infrastructure and APIs will soon be available to facilitate the integration of instant bitcoin payments.
“We are very proud of what the Bottlepay team has accomplished,” said Yan Chao, president of NYDIG. “Securing FCA registration is a great event and testament to NYDIG and Bottlepay’s commitment to compliance. Together with Bottlepay, we will continue to work hard to make the Bitcoin network accessible to all.”
NYDIG provides Bitcoin technology and financial services solutions to banks, insurance companies, corporations, and institutions. The company and its products meet the highest standards of regulation, auditing and governance in the industry. NYDIG owns subsidiaries that maintain a BitLicense license and a limited-purpose trust charter of New York State Financial Services Department.
Bottlepay is available in and across the UK Europe. For more information, please visit the website bottlepay.com.
NYDIG is a bitcoin company that operates a more inclusive economic system. Delivering technology and financial services to companies in a wide range of industries, the full-stack bitcoin platform is designed to the highest security, regulatory, and operational standards. NYDIG is a gateway to a new era of financial products that make Bitcoin accessible to all. Learn more through nydig.com, or contact LinkedIn And Twitter.
bottle Payment products are built on top of the Bitcoin and Lightning networks so that consumers and businesses can take advantage of the open cash system of the future. Bottlepay complies with UK anti-money laundering regulations.
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