Advertisement
UK markets open in 6 hours 47 minutes

  • NIKKEI 225

    38,460.08
    0.00 (0.00%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • CRUDE OIL

    82.70
    -0.11 (-0.13%)
     

  • GOLD FUTURES

    2,328.10
    -10.30 (-0.44%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,608.27
    -1,837.11 (-3.44%)
     

  • CMC Crypto 200

    1,388.36
    -35.74 (-2.51%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

UK regulator lifts suspension on Wirecard subsidiary; Crypto.com and TenX Visa cards get reactivated

Yogita Khatri
·1-min read

The U.K.'s Financial Conduct Authority (FCA) has lifted restrictions imposed on Wirecard Card Solutions (WCS), restoring its services.

The regulator said it has provided "written consent" to WCS to resume its activities since the company was able to meet certain conditions. “This means customers will now, or very shortly, be able to use their cards as usual,” said the FCA.

Indeed, Crypto.com and TenX’s Visa debit cards, issued by WCS, are now reactivated. Crypto.com said it has resumed the operation of all Europe/ UK MCO Visa cards, while TenX said its Visa card and related services have been re-enabled.

Cryptopay, however, is yet to announce the latest update. The Block has reached out to the firm and will update this story should we hear back. Last week, Cryptopay expected the WCS situation to improve hoped to see its cards “up and running again soon.”

ADVERTISEMENT

The FCA said it continues to monitor WCS to ensure that the company meets the conditions imposed and to protect customer money. The regulator had suspended WCS on Friday since its parent company Wirecard AG is currently the subject of law enforcement agencies and insolvency proceedings after a $2.1 billion hole in accounts.


© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.