Facebook Payments International Limited (Ireland) is an electronic money institution authorized and regulated by the Central Bank of Ireland. Facebook Payments International is focused on processing payment related to Facebook.
Facebook Payments International is neither registered with the Central Bank of Ireland (CBI) as a virtual asset services provider, nor offers any crypto assets services.
Since November 2020, Virtual Asset Service Providers are registered and supervised by the Central Bank of Ireland (CBI) for anti-money laundering and countering the financing of terrorism.
Facebook Payments International Limited is not registered with the CBI as a virtual asset services provider.
Facebook Payments International do not offer crypto assets services.
Facebook Payments International Limited is authorized by the Central Bank of Ireland as a e-money institution (reference number C148215) for issuance of electronic money, distribution and redemption of electronic money, execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments or acquiring payment transactions, money remittance; the authorization was granted on 9 July 2018.
Facebook Payments International Limited is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, Facebook Payments International is required to safeguard its customers’ money.
Due to EEA passport rules Facebook Payments International Limited, can conduct its activities in any of the 30 EEA member states.