Payment and identity tech company iSignthis Ltd (ASX:ISX) has signed an agreement with Prasos, Finland’s largest cryptocurrency service provider, for payment processing and identity verification services.
Prasos received more than €140 million in deposits for purchase of cryptocurrency last financial year, and the company’s trading volume in the main broker services exceeded €220m during the same fiscal year.
Digital Currency Exchanges in Australia are regulated by AUSTRAC and thus already subject to Anti-Money Laundering requirements.
The European Union has proposed legislation that will similarly regulate digital currency service providers
Shares in iSignthis Ltd (ASX:ISX) closed 3.13 per cent higher at 16 cents yesterday.
