TenX bank cards not to work outside EU

The TenX bank cards holders, who are not residents of the European Union, will not be able to use it anymore
19 September 2017   1445

The TenX bank cards holders, who are not residents of the European Union, will not be able to use it after October 16th.

TenX card  
TenX card

Thus, as reported by TenX team, the company does not have a banking license yet, while every active TenX card currently in circulation is issued by a card partner who is actually licensed to issue cards, namely, Wave Crest Holdings Limited. However, WaveCrest informed TenX that they would no longer issue and maintain Visa® Prepaid Cards to cardholders outside of the European territory.

The startup team clarifies that it is already negotiating with other card issuing companies that could provide services to non-EU residents.

It will take us some time to integrate our systems with theirs, and to print new cards issued by these alternative issuers. We’re currently targeting a November 2017 launch for these new cards, so look out for more information regarding this in the coming weeks.
 

TenX team

For TenX cardholders who are not EU citizens, the company offers to replace it without additional costs, or receive a monetary refund. To do this, you must contact the support via email.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.