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 and

#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 #investments #money
— 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 …

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Dave Seer

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

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