How to kill cryptocurrency exchange — the example of Finland

Date:

2018-03-12 20:15:06

Views:

3102

Rating:

1Like 0Dislike

Share:

How to kill cryptocurrency exchange — the example of Finland Source:

Cryptocurrency exchanges often attract the attention of hackers. Recently the victim of the attack was Binance, which reward the equivalent of 250 thousand dollars for information about burglars. There are other risk factors. Among them — the attitude with the banks.

the

Cryptocurrencies scare banks

About the risks of closing said guide Finnish cryptocurrency exchanges reported . The company was founded in 2012. For several years, the volume of transactions has increased tenfold and reached $ 185 million in 2017.

The Increase has caused problems in cooperation with local banks. They have no codified set of rules with cryptocurrencies. In addition, the anonymity of the coins may lead to the application of the Finnish law on combating money laundering. The position explained Tom Narhinen, General Director of the Bank Saastopankki.

In most cases, doing business with dealers, and exchanges bitcoin is very difficult and even almost impossible, because we are not able to identify the source of funds.

In other words, banks are simply afraid of the consequences. Because of this cooperation with the stock exchange stopped S-Bank, the OP Group, Saastopankki and Nordea Bank. Now Prasos conducts client transactions through a single Bank and is one step away from closing.

The Situation was commented Director General of the exchange Henry Breyd.

The Risk is possible not to have time to open a new Bank account before you close the last. In this case, our business will be frozen.

According to Brad, the company fully adapted to the requirements to combat money laundering, but was still experiencing problems. The head is waiting for from the authorities a clear formulation of the necessary rules.

While the situation hangs in the balance. How the story ends, only time will tell.

Recommended

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action the Corporation took...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Baikal N Giant — the first ASIC for the algorithm CryproNight

Baikal N Giant — the first ASIC for the algorithm CryproNight

Probably all of our readers watched great drama, where the issue of ASICS killed mining on the Blake algorithm(2b) and the profits of mining after the start of sales began to roll down. the New Baikal Giant If the day of the annou...

Binance promises 250 thousand dollars for information about hackers breaking into users

Binance promises 250 thousand dollars for information about hackers breaking into users

the Evening of the seventh of March, users of the cryptocurrency exchange Binance hacking accounts. Hackers traded stocks of coins on Viacoin that wanted to sell at a high price. As a result, nothing happened — their money . Now t...

What will happen to the exchange rate of Bitcoin on the week — analysts

What will happen to the exchange rate of Bitcoin on the week — analysts

on Friday we about the real causes of the fall of Bitcoin. As it turned out, relates to what is happening a long the hacking of Mt.Gox and coin sale in large quantities. In the hands of the Trustee, the exchange remains of thousan...

CRYPTOMACH / Not the last fall of Bitcoin hacking Binance and updating of the network zcash for

CRYPTOMACH / Not the last fall of Bitcoin hacking Binance and updating of the network zcash for

the Next week was a busy one. Hackers broke into the users exchange Binance, Bittrex has closed access for residents of the Crimea, and the investor Tim Draper predicted the replacement of the Fiat cryptocurrencies in five years. ...

The President of Venezuela: pre-sale El Petro reached $ 5 billion

The President of Venezuela: pre-sale El Petro reached $ 5 billion

In late February, Nicolas Maduro about 292 thousands of bids on the purchase of national cryptocurrencies El Petro. Volume agreements — billion dollars. Two weeks later the amount had increased five times. the Good results El Petr...

Tim Draper: 5 years to pay will be the only cryptocurrency

Tim Draper: 5 years to pay will be the only cryptocurrency

founder of the venture capital company Draper Fisher Jurvetson Tim Draper, an early investor in cryptocurrency. After hacking exchange Mt.Gox, the entrepreneur has lost 40 thousand bitcoins, but still coins safer dollars. Tim shar...

Bithumb created a special cryptococci to pay for food in restaurants

Bithumb created a special cryptococci to pay for food in restaurants

the Korea stock exchange Bithumb came up with a way to popularize cryptocurrency. The company entered into a niche stalls — special terminals for processing and payment of orders in restaurants and cafes. The main difference betwe...

Hardwork MoneroV postponed for a month and a half. What is the reason for the delay?

Hardwork MoneroV postponed for a month and a half. What is the reason for the delay?

MoneroV — hardwork favorite coins of lords. Developers best scalability, Protocol MimbleWimble and limited edition. Disconnecting planned on the block 1529810 that was waiting for March 14 this year. The launch had to be postponed...

Beware of the Scam. Scammers are still trying to capitalize on the theme of ICO Telegram

Beware of the Scam. Scammers are still trying to capitalize on the theme of ICO Telegram

Public sale of tokens Gram was scheduled for March, but it can . The reason — the opportunity to gain the required amount of funding, even in private rounds of investment. While evidence of failure there, so the scammers are activ...

Microsoft stopped mining the cyber 292 thousand computers of Russians

Microsoft stopped mining the cyber 292 thousand computers of Russians

the day before Yesterday, the hackers account users exchange Binance. At the right moment the attackers exchanged coins owners on Viacoin, which previously bought at a low price. The scheme was too complex, and nothing happened. P...

Like them: 57 percent of Romanians know about the cryptocurrency

Like them: 57 percent of Romanians know about the cryptocurrency

the Popularity of Bitcoin and other cryptocurrencies is increasing. On the coins 56 percent of Russians, whereas in Germany this figure is 64 percent. Now it became known about the relation to digital money of the inhabitants of R...

Bank of China does not recognize the cryptocurrency tender

Bank of China does not recognize the cryptocurrency tender

a Week ago, the Federal Ministry of Finance Germany cryptocurrency to legal tender. Now the intermediaries in the transfer of coins in Fiat will not pay additional taxes, and the operators of the exchanges can get corresponding be...

Bitcoin dropped to $ 8,500. Why this fall did not last a year

Bitcoin dropped to $ 8,500. Why this fall did not last a year

the exchange Rate of Bitcoin jumps from the beginning of the year. The peak price of the coins was about $ 17,500, while the minimum was almost three times less — $ 6,200. Now the course is again directed downwards. The fault is n...

Coincheck exchange hacked with a virus

Coincheck exchange hacked with a virus

In late January, hackers Japanese exchange Coincheck. Her purse was stolen 500 million tokens NEM, which then cost 435 million dollars. Thieves of coin, but nothing happened. Now investigation of the incident. If you believe the p...

The CEO of Twitter has vowed to fight with kriptosistema in the network. While it turns out badly

The CEO of Twitter has vowed to fight with kriptosistema in the network. While it turns out badly

Today, Twitter has become a habitat for scammers. Under any message well-known figures in the world of cryptocurrency then there are the tweets of fraudsters who want to steal coins unsuspecting users. CEO social network has promi...

Bitmain has opened a service center in Russia. Repairing the ASIC will be easier

Bitmain has opened a service center in Russia. Repairing the ASIC will be easier

Representatives from Bitmain announced the opening of a service center in Russia. The point works in Irkutsk and will help in the replacement device. The company shared the details in the letter. the Official repair Asimov — now i...

What ended the story with breaking Binance. The official response of the exchange

What ended the story with breaking Binance. The official response of the exchange

Yesterday evening, users of Binance on the loss of funds. Bot confirmed API keys sold coins and bought Viacoin. On messages including the response of the exchange rate of Bitcoin, which fell below 10 thousand dollars. After half a...

Cryptocurrency was overtaken by the gold and bonds for investment

Cryptocurrency was overtaken by the gold and bonds for investment

a Month ago, Cameron Winklevoss the Bitcoin exchange rate forecast. In addition, the billionaire called bitcoin the best form of gold and foretold the destruction of the precious metal. The first step in this process is done. the ...

South Korea has banned civil servants to keep the cryptocurrency

South Korea has banned civil servants to keep the cryptocurrency

In the first half of January, the Ministry officials not to declare savings in bitcoin in the income statement. The decision is explained by the lack of a regulatory framework coins at the legislative level. In South Korea more se...

Binance hacked? Users complain about the loss altcoins

Binance hacked? Users complain about the loss altcoins

Binance is one of the largest cryptocurrency exchanges in the world. The results of the last 24 hours, it ranks first in terms of turnover on CoinMarketCap. The scale of trades attracted the attention of hackers. Some users compla...