Mode Global Holdings plc secures EMI licence and AMLD5 registration from FCA
June 24, 2021 at 02:00 am EDT
Mode Global Holdings PLC announce that it has secured its Electronic Money Institution ("EMI") licence and its AMLD5 registration from the Financial Conduct Authority ("FCA"). The EMI licence, which has been granted to Mode's subsidiary Greyfoxx Limited, will enable Mode to offer a range of innovative financial services to both businesses and consumers in the UK. With the granting of the EMI licence and AMLD5 registration, comes renewed focus for Mode. The Company has announced it is decommissioning its investment product, the Bitcoin Jar, from 31 August, to focus on building a best-in-class payment solution with a Bitcoin cashback offering.