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Currensea
United Kingdom
Jun 2018 (7 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Currensea
Company Information
Get to know Currensea
Currensea is a creator of a travel debit card that connects customers to a high street bank account and reduces fees. The company's product links to any UK bank account and reduces exchange rates and transaction fees abroad without setting up and managing a new bank account to get better rates. It also allows users to top up prepaid cards, allowing them to make payments while traveling without opening a new bank account and at a lower cost. Currensea was established in June, 2018 by James Lynn, and Craig Goulding in London, England.
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- Financial BankingPRIMARY
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