The Financial Supervisory Authority of Iceland (FME) has approved Reykjavik-based Monerium as its first electronic money institution. The designation, announced Friday, means that Monerium has regulatory approval to provide fiat payment services on a blockchain and use it throughout the European Economic Area.
Litecoin is the only major crypto asset to match the performance of bitcoin since the 2017 bull market. Subsequent to achieving an all-time high at $20,000, the bitcoin price has dropped to $8,000, recording a decline of around 60 percent. Litecoin, with its recent recovery, has minimized its loss from ATH to 61 percent, closely following the performance of bitcoin.