It was announced today that blockchain financial ecosystem startup Exscudo has found a legal partner in the person of PricewaterhouseCoopers Legal OU, a member of one of the most prestigious consulting and audit companies in the world.
The new partnership is aimed at licensing Exscudo as an alternative payment system. This will allow Exscudo to trade fiat and cryptocurrencies under legal regulation. Obtaining the proper license in Estonia is the company’s plan as its the first step to becoming fully compliant within the EU and other international financial regulations.
PwC is also designing a wide range of legal documents and procedures covering the acquisition, verification, and storage of user data. Besides this, PwC will also advise Exscudo regarding the compliance procedures for private users as well as for companies and organizations willing to manage fiat currencies.
Since different jurisdictions have different requirements concerning KYC procedures, Exscudo stated they plan to start with the Estonian legislation but then proceed to general EU specifications.
Last week, Exscudo officially announced the launch date of its ICO, which will commence on April 25th.