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European Crypto Cards Reactivate as FCA Allows Wirecard to Resume Operation

On 29 June, the U.K. watchdog allowed Wirecard Card Solutions, a Newcastle-based subsidiary of troubled German company Wirecard AG (OTC:WCAGY), to resume regulated activity. The FCA suspended Wirecard Card Solutions’ license on June 26, soon after news about Wirecard AG misrepresenting over $2 billion in cash reserves surfaced.

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