LocalBitcoins

LocalBitcoins Receives Finnish FSA Virtual Currency Provider License

The Finnish Financial Services Authority (FIN-FSA) has officially registered LocalBitcoins as a virtual currency provider, starting at the beginning of November 2019. Finland only allows officially registered providers who fulfill the legal requirements to operate in the country. A safe pair of hands In order to receive the registration, LocalBitcoins had to prove to the …

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Argentina Sets New Trading Record After Central Bank Bans Bitcoin Buys

Bitcoin (BTC) trading set new records in two of its most keenly watched South American markets last week, new data has revealed. As monitoring resource Coin Dance confirmed on Nov. 10, the seven days ending Saturday saw more trading against BTC than ever before in both Venezuela and Argentina.  Argentina: central bank accidentally increases Bitcoin …

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GlobalBitcoinsPro.com Enables Offline BCH Cash Trades

<header class=”article__header”> </header> <small><i>This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.</i></small> After the devastating news of the removal of offline cash trades and the new vigorous …

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Bitcoin Trading Spikes as Argentina Bans Buying More Than $200 a Month

Argentina is back on the radar for Bitcoin (BTC) proponents after sudden capital controls cut U.S. dollar purchasing power by 98%. Central bank: $200 limit “temporary” As news outlets reported, including Cointelegraph Brasil on Oct. 28, the country’s central bank has opted to reduce the amount of dollars a saver can purchase each month from …

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Indian Crypto Trading Volumes Accelerate on Positive Sentiments

<header class=”article__header”> </header> <strong>Cryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users.</strong> Also read: Mistakes Crypto Owners and Traders Should Avoid Strong Trading Volume Growth Banking services …

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Traders Bemoan New Localbitcoins Identity Requirements

<header class=”article__header”> </header> <strong>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 guidelines on September 1 and users say more …

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EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

</header> <strong>Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive …

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Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto

<header class=”article__header”> </header> <strong>When we think of the unbanked, we envisage citizens of developing nations who lack the means and documentation to obtain access. But you don’t have to be a Mongolian goat herder to find yourself financially excluded. In the West, relatively affluent citizens are having their banking services withdrawn suddenly and without warning. …

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How Government Agencies Make Criminals of Crypto Traders

</header> <strong>A New Jersey man has been indicted this week for converting over $2 million to bitcoin and operating a private exchange business not registered with the U.S. Secretary of the Treasury. According to a July 24 press release by the U.S. Attorney’s office, 46-year-old William Green could face up to five years in prison …

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Local BCH Venue Opens and Community Goal Nears in the Weekly Update From Bitcoin.com

</header> <strong>A new local bitcoin cash venue opens for trading worldwide and the community is nearing a funding goal milestone for <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> developers. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel.</strong> Also Read: Why Bitpay Is Really Charging More for BTC Transactions Local …

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