Finnish Crypto Exchange Prasos Oy’s Trading Days May Be Numbered


Four out of the five banks that Finnish-based Prasos Oy uses for their business has severed ties with the exchange, citing money laundering fears as the main reason.
Prasos Oy has become a well-known name in the Nordic region’s crypto circuit. The platform relies on the country’s centralized banks to assist in converting their clients’ cryptos into euros. They also run Coinmotion.com and Bittiraha.fi.

#Bitcoin dealer #PrasosOy, has one lifeline left. The company exchanges #cryptocurrencies into euros, and relies on banks to help it with the transactions. But banks are increasingly saying no https://t.co/6BhV1HEK0c#trading #investments #money pic.twitter.com/K3kzbXsTVJ
— Proxima Experience (@ProximaXp) March 9, 2018

Money-Laundering Fears Are the Cause
According to Bloomberg, last year saw a massive blow to business as four of the five banks that Prasos uses closed their accounts with the exchange. The banks in question, S-Bank, the OP Group, Saastopankki and Nordea Bank AB have not directly commented on the closure but did give have some remarks.
Laura Niemi, a manager in the corporate security department at the OP Group, has said that the bank is cautious about the anonymity associated …

Read more –> click here all content is copyright Bitcoinist.

Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE..

Powered by ABITCO.IN

Dave Seer

My name is Dave Seer and I'm an expert about bit coin cryptovalute criptomoney etc.

%d bloggers like this: