The Financial Services Authority says it's temporarily suspended the licence of a Douglas-based fintech company.
Blackfridge is headquartered in Athol Street and specialises in blockchain, stablecoins and digital currencies.
On its website, the FSA says it's temporarily suspended the company's money transmission services licence.
The organisation added Blackfridge has agreed to the suspension being made.
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Regulator wants your input on new gambling laws
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