iSignthis has signed and agreement with Prasos

Company News

by Rachael Jones

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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.