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