this little gem
"iSignthis eMoney Ltd, which is 100% owned by ISX, has been granted a European Economic Area electronic moneylicence. Electronic money is not a digital currency and should not be confused with cryptocurrencies such as bitcoin.Electronic money is a regulated product. It is tied to the value of a European Economic Area member state currency,usually Euro. It can be issued by Central Banks, Banks and Electronic Money Institutions pursuant to a licence grantedunder the European Union’s Electronic Money Directive 2009/110/EC."
The ASX still thinks they are bitcoin???
And wasnt there some downramper on here the other day that said they dont do deposits?
"First, ISX holds its Euro deposits at Central Banking facilities in the European Union and an ISX operating subsidiaryis licensed as an electronic money institution. As such, it is a specialist sub-type of credit institution and deposit takingtype institution under European law, which can:
• issue electronic money;
• issue International Bank Accounts (IBANs) to customers and hold their funds in exchange for electronicmoney;
• process payments from major card schemes such as Visa, MasterCard, JCB, Diners, Discover, andChinaUnionpay of which it is a principal member institution of each; and
• make interbank payments that are accessible via the SWIFT.org issued Bank Institution Code (BIC) ofISEMCY22XXX via the Single Euro Payment Area network."
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- ASX - By Stock
- SP1
- Ann: Response to ASX Query Letter
Ann: Response to ASX Query Letter, page-127
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