custody and settlement of digital assets Koine Money Ltd (United Kingdom) was an electronic money institution authorized and regulated by the Financial Conduct Authority. Koine Money was focused on custody and settlement of digital assets. Since February 2021 Koine Money Ltd is in administration:it stopped taking on new business but has to continue to meet standardsin dealing with its existing customers.
Koine Money is neither registered with the Financial Conduct Authority (FCA) as a crypro asset firm, nor offers any crypto assets services.
From January 2020, firms carrying out specific cryptoasset activities in the United Kingdom need to comply with the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs) and to register with the FCA.
Koine Money Ltd is not registered with the FCA as a crypro asset firm.
Koine Money do not offer crypto assets services.
United KingdomKoine Money Ltd is authorized by the Financial Conduct Authority as a e-money institution (reference number 900934) for issuance of electronic money, distribution and redemption of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance; the authorization was granted on 30 October 2019 and revoked on 30 October 2019.
Koine Money Ltd 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, Koine Money is required to safeguard its customers’ money.
Since January 2021, Koine Money Ltd can not conduct its activities in EEA member states.
7/F CentralPoint 45 Beech Street, EC2Y 8AD, London, United Kingdom
+44 2070720949
https://www.koine.com/English
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