Tag: Localbitcoins

Traders Bemoan New Localbitcoins Identity Requirements

Traders Bemoan New Localbitcoins Identity Requirements Recent data shows that countries with corrupt governments have a strong correlation with Localbitcoins trade volumes. However, even though the over-the-counter (OTC) marketplace Localbitcoins has grown massive over the years, traders are complaining about heightened know-your-customer/anti-money laundering requirements. The exchange recently changed its KYC/AML […]

Localbitcoins Removes In-Person Cash Trades Forcing Traders to Look Elsewhere

Localbitcoins Removes In-Person Cash Trades Forcing Traders to Look Elsewhere On June 1, cryptocurrency enthusiasts were shocked to hear that the peer-to-peer exchange Localbitcoins has ceased offering in-person cash trades. According to a few users, all pending fiat trades have been canceled, leaving local traders who prefer cash high and […]

Traders Are Now Banned From Using Localbitcoins Exchange in Iran

Traders Are Now Banned From Using Localbitcoins Exchange in Iran Traders from Iran have been banned from using the peer-to-peer trading platform Localbitcoins.com within the country. The Iranian section of the website displays a short message that states that the exchange is “currently not available.” The news follows significant Iranian […]

“It’s A Lion’s Den” – P2P Traders Discuss Challenges of Operating on Localbitcoins

“It’s A Lion’s Den” – P2P Traders Discuss Challenges of Operating on Localbitcoins Despite many cryptocurrency users having made their first purchases using Localbitcoins, little attention is paid to the experiences of the traders who operate on the platform. News.Bitcoin.com reached out to several Localbitcoins traders to find out about […]

Finland’s Regulatory Watchdog Plans to Supervise Localbitcoins Operations

Finland’s Regulatory Watchdog Plans to Supervise Localbitcoins Operations On Monday, the Helsinki-based peer-to-peer crypto exchange Localbitcoins announced it is adding several different identification processes in order to improve AML and KYC requirements. The move to bolster the new customer verification procedure follows Finland’s Financial Supervisory Authority (FSA) mandating supervision over […]

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela During the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $ 51.51 million worth of trade. Of that, 3,593 was BTC traded via the Russian markets, 83 percent more volume than was produced by […]

P2P Markets Report: Iranian Localbitcoins Volume Gains 190% in a Week

P2P Markets Report: Iranian Localbitcoins Volume Gains 190% in a Week The peer-to-peer (P2P) markets have seen a dramatic increase in Iranian and Indonesian trade activity, with both markets posting triple-digit volume gains in recent weeks. Localbitcoins volume has also surged in select Latin American markets this past week, with […]

Localbitcoins to Introduce New User Verification Rules

Localbitcoins to Introduce New User Verification Rules Peer-to-peer crypto exchange Localbitcoins is preparing to implement updated requirements for the identity verification of its users. The company recently revealed it’s cooperating with regulatory agencies in Finland on the implementation of the latest EU anti-money laundering rules. Also read: 3 Technical Proposals […]

The Daily: Crypto Wallet Raises $15 Million, Localbitcoins Suffers Vulnerability

The Daily: Crypto Wallet Raises Million, Localbitcoins Suffers Vulnerability In today’s edition of The Daily we feature another recent example of venture capital infusion into the cryptocurrency space as Japan’s SBI invests in the BRD wallet. We also cover a recent security vulnerability that was detected on the P2P exchange […]

U.S. Man Faces up to 5 Years in Prison for ‘Unlicensed’ Bitcoin Sales via LocalBitcoins

U.S. Man Faces up to 5 Years in Prison for ‘Unlicensed’ Bitcoin Sales via LocalBitcoins An American man has pled guilty to operating an unlicensed money transmitting business, having sold hundreds of thousands of dollars worth of Bitcoin on LocalBitcoins.com Cointelegraph.com News