Xapo (Gibraltar) Ltd (Gibraltar) was an electronic money institution authorized and regulated by the Gibraltar Financial Services Commission. Xapo (Gibraltar) was focused on cryptocurrency trading. The company offered cryptocurrency wallets, cryptocurrency custody, bitcoin storage platform, cryptocurrency trading to individuals, institutions.
issuance 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 execution of payment transactions via telecoms, IT system or network operator account information services payment initiation services
Xapo (Gibraltar) Ltd is authorized by the Gibraltar Financial Services Commission as a e-money institution for issuance of electronic money.
Funds Safeguarding
Yes
Deposit Guarantee
No
Xapo (Gibraltar) 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, Xapo (Gibraltar) is required to safeguard its customers’ money.
EEA Passport
No
Since January 2021, Xapo (Gibraltar) Ltd can not conduct its activities in EEA member states.
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