Nordic bitcoin broker to take a lead in Europe

Finnish bitcoin broker Prasos is looking to get a leading position in Europe and reach €16m revenue in the next three years
24 November 2017   675

The first stage of the public round started on the 9 November. In seven days the company raised 35% of the minimum target. Now the round has been launched to public participation.

We also want to further develop our investment services to regular investors that want to diversify their investment portfolios into cryptocurrencies.

 

Henry Brade

CEO and co-founder, Prasos

According to company, cryptocurrency-based investment products have been created, but the market is still at an early stage and the current exchange and investment services are not sufficiently mature.

The news comes with CME group plans to launch Bitcoin futures during the fourth quarter of 2017, what could make it easier for stock trades to invest in the decentralized cryptocurrency.

BitPay to Receive New York's BitLicense

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers
17 July 2018   87

The well-known cryptocurrency processing service BitPay obtained a license to work with virtual currencies in the state of New York. Known also as BitLicense, this license is issued by the New York Department of Financial Services (NYDFS) and grants its holders the ability to conduct activities related to cryptocurrencies in the state.

NYDFS has carefully studied the company's application, including its policy on measures to combat money laundering, customer identification, fraud prevention, cybersecurity. The financial situation of the company was also thoroughly analyzed.

New York state has one of the strictest policies around businesses involved in cryptocurrency and working through the approval processes to obtain a License was important to BitPay. We believe this hard work will pay off as New York presents significant business opportunities for BitPay.
 

Stephen Pair

CEO, BitPay

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers: the first will be able to use the company's processing services to accept payments in Bitcoin and Bitcoin Cash, the latter will pay for various goods and services using these two BitPay supported cryptos.

Note that BitPay was only the eighth company that received BitLicense. Other license holders are Square, Xapo, Genesis Global Trading, bitFlyer USA, Coinbase, Ripple and Circle. In addition, special permissions for operations with crypto-currencies are exchanged by Gemini and itBit.