Crypto financial services provider Januar receives full Danish payments license

Danish startup Januar announced April 19 that it has received a Payment Institution License from the country’s Financial Supervisory Authority (DFSA). The license will allow Januar to conduct business in the 30 European Economic Area markets, whereas it only served Danish companies under its previous limited permission. Januar provides International Bank Account Number (IBAN) business accounts to crypto businesses. Linking to IBAN infrastructure gives crypto companies access to compliant fiat banking services, such as payments and settlement, which crypto companies may have trouble finding otherwise. Januar co-CEO Simon Ousager said:…

BIS, Bank of England concludes blockchain int’l settlements pilot

The Bank of England and the Bank for International Settlements (BIS) Innovation Hub London Center have tested a distributed ledger technology-powered settlements system between the institutions. The insights of the project will be used by the Bank of England in its real-time gross settlement (RTGS) system. On April 19, BIS published a report about the joint pilot project with the Bank of England called Project Meridian. According to the 44-page document, the banks have successfully purchased houses in Wales and England through the synchronization network using distributed ledger technology (DLT).…