Checkmate: Libra Crumbles Against The Senate, Hearing Proceeds Tomorrow.

5m
coingape

Jerry Brito: The Case for Electronic Cash in an Open and Free Society

7m
letstalkbitcoin

IMF: Crypto Assets May Surpass Traditional Forms of Money

8m
dailyhodl

Market Update: Bulls struggle to push Bitcoin towards $11k. Here’s What...

9m
zycrypto

House GOP Leader McCarthy Likes Bitcoin But Criticises Facebook’s Libra

12m
zycrypto

Cannabis Stocks Blaze as FDA Expedites Landmark CBD Rules

12m
cryptonewmedia

Bitcoin Security and Ethics with Neha Narula - WBD125

14m
letstalkbitcoin

German Finance Minister: Facebook Shouldn’t Be Allowed to Compete with the Euro

16m
coindesk

Are Cardano, Chainlink and Ravencoin doomed to continue falling?

20m
cryptoslate

“Keep Big Tech Out of Finance Act” proposes $1 million per day fine on large tech companies acting as financial institutions

26m
cryptoslate

Chainlink Price Analysis: LINK/BTC Breaks out From a Descending Wedge

32m
beincrypto

Facebook Stresses Libra’s Compliance With FinCEN at Senate Hearing

36m
cointelegraph

Newsflash: Bitcoin Crashes Below $10,000

41m
cryptonewmedia

Bitcoin Dips Below $10,000 for the Second Time in July

41m
cointelegraph

Pound Dives on Boris Plans to Suspend Parliament

42m
cryptonewmedia

WATCH: Breaking Down the Libra Hearings

42m
coindesk

Komodo Antara framework for business-ready “Smart Chains” now live

44m
cryptonewmedia

Binance Plans Launch of Fiat-to-Cryptocurrency Exchange in South Korea

1h
cryptoglobe

Former U.S. Presidential Candidate Says He's 'All for Cryptocurrencies'

1h
cryptoglobe

US Senate Grills Facebook’s Crypto Chief As JP Morgan Chase Dismisses Threat From Libra

1h
dailyhodl

Polychain Capital Leads $7 Million Seed Round for Trading Desk…

1h
cryptonewmedia

Bitcoin [BTC] Price Drops Below 10k as Libra Senate Meeting Concludes – Here’s What Happened

1h
coingape

XRP Slides 23.4%, Mnuchin Presser A Ray of Hope For Ripple

1h
cryptonewmedia

Big Crypto Investors Flock to Grayscale, Sending Q2 AUM to $2.7 Billion

1h
cryptonewmedia

96% of Bitcoin SV Transactions Come from a Weather App, Report

1h
bitcoinist


Crypto Broker Prasos Wins EU Payment Institution License

coindesk

4d ago

A Finland-based firm offering cryptocurrency brokerage and exchange services has been granted a Payment Institution License (PIL) in the EU.

In an announcement Friday, Prasos Ltd. said that, with the news, it has become only the third crypto firm in Europe to receive the license.

Awarded by the Finnish Financial Supervisory Authority (FSA), the PIL enables Prasos to offer additional fiat currency payment services for users of its Finnish Coinmotion exchange platform and will further allow it to offer fiat payment services in other European Economic Area countries.

The broker acquired Helsinki-based Coinmotion for an undisclosed sum back in 2016. It also operates another exchange called Bittiraha.fi, as well as Bittimaatti, a bitcoin ATM network in Finland.

“The process for acquiring the licence has lasted almost 1.5 years, during which legislation on the EU level has become clearer. We have been developing our business and processes strongly. I am very happy that we have reached this point and received the Payment Institution Licence.”

In the announcement, Prasos said it also plans to register under the FSA as a virtual currency provider in accordance with new Finnish legislation that came into force on May 1, 2019.

Henry Brade, chairman of the board of directors at Prasos, commented that the company had previously lost several bank accounts “due to the unregulated nature of the whole sector.”

“With this licence we have, as the only cryptocurrency operator in the world, gained a customer fund account from a Finnish credit institution. As a payment institution, we also believe in the possibility of a deeper integration with the banking sector in the future” he said.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments