{"id":264618,"date":"2020-06-16T14:46:49","date_gmt":"2020-06-16T18:46:49","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=264618"},"modified":"2021-08-07T09:43:02","modified_gmt":"2021-08-07T13:43:02","slug":"credits-receives-european-crypto-license-for-expansion","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/credits-receives-european-crypto-license-for-expansion","title":{"rendered":"Credits Receives European Crypto License for Expansion"},"content":{"rendered":"<p>Credits, a &#8220;network-based payments system&#8221; that supports online money transfers for traditional fiat as well as cryptocurrencies and stablecoins, has just acquired a European Crypto License, <a href=\"https:\/\/credits.com\/news\/94-credits-obtained-european-crypto-license.html\">according to a post from the group<\/a>.<\/p>\n<p>As a global company, this license ensures Credits can reach a much wider audience in the European Union. The platform hosts a wallet for its users as well, and thanks to this new license they&#8217;re able to offer new benefits to users, which are the following:<\/p>\n<ul>\n<li>Legislation of virtual value;<\/li>\n<li>CS currency is tax-free;<\/li>\n<li>The official license for a versatile exchange of virtual currency and fiat currencies;<\/li>\n<li>Official crypto-wallet license.<\/li>\n<\/ul>\n<p>On top of this, Credits&#8217; crypto bank offers instantaneous transactions, zero trading fees, and accessibility to users around the world.<\/p>\n<p>In other licensing news, <a href=\"https:\/\/insidebitcoins.com\/news\/swiss-regulators-issues-the-first-license-on-crypto-transaction-banking\">as InsideBitcoins has previously reported on<\/a>, InCore Bank has received a Swiss license to provide cryptocurrency transactions for banks in the area.<\/p>\n<p>Thanks to this, the European Union will enjoy blockchain-based technology to not only make their transactions faster and more secure, but to automate many systems and cheapen the cost of services overall.<\/p>\n<p>Speaking on the matter at the time was Mark Dambacher, the CEO of InCore Bank, who had said:<\/p>\n<blockquote><p>\u201cOur customers benefit in one fell swoop from the expansion to the new asset class without having to invest in infrastructure and new processes themselves.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Credits, a &#8220;network-based payments system&#8221; that supports online money transfers for traditional fiat as well as cryptocurrencies and stablecoins, has just acquired a European Crypto <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/credits-receives-european-crypto-license-for-expansion\" title=\"Credits Receives European Crypto License for Expansion\">[&#8230;]<\/a><\/div>","protected":false},"author":1722,"featured_media":244300,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[10899],"class_list":["post-264618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-credits"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - 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