THE FINNISH COLLISION

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The Finnish crypto exchange Prasos has developed the methods of customer identification that comply with anti-money laundering laws. Since 2012, Prasos has increased the volume of transactions tens of times, which reached 185 million dollars in 2017. The growth of the indicators of Prasos has aggravated the competition with local banks. According to the executive director of Prasos Henry Brade, representatives of these banks do not have “a system of rules for working with crypto-currencies.” The authorities of Finland do not currently intervene in the activities of crypto exchanges. Recall, in late February it was reported that the European Commission will consider the introduction of cryptocurrency regulation at the EU level.

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