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LocalBitcoins

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 In the West, relatively affluent citizens are having their banking services withdrawn suddenly and without warning.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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Localbitcoins Removes In-Person Cash Trades Forcing Traders to Look Elsewhere

<header class=”article__header”> </header> <strong>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 dry and forced to seek other avenues.</strong> Also read: Bitcoin.com’s Local Bitcoin …

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Traders Are Now Banned From Using Localbitcoins Exchange in Iran

<header class=”article__header”> </header> <strong>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 rial trade volume on the Localbitcoins platform, which has been climbing steadily …

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LocalBitcoins Imposes Restrictions on Iranian Accounts

Major peer-to-peer cryptocurrency exchange LocalBitcoins.com has banned users living in Iran, according to their website as of today, May 24. < p dir=”ltr”>Screenshot of LocalBitcoin Iranian page as of press time A source had previously told Cointelegraph in an email that the impetus for restricting Iranian transactions is to comply with financial regulations in Finland, …

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Crypto Adoption Remains Strong in Venezuela Amid Political Chaos

<header class=”article__header”> </header> <strong>The political tension in Venezuela has affected local cryptocurrency adoption. While there are roadblocks, many crypto-advocating projects continue to thrive in the country. News.Bitcoin.com takes a deep look at the current situation in Venezuela, crypto adoption efforts and how the recent political crisis affects them.</strong> Also read: Indian Supreme Court Postpones Crypto …

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Finland Begins Regulating Crypto Service Providers

<header class=”article__header”> </header> <strong>Finland’s president has approved a law to regulate cryptocurrency service providers including exchanges, custodian wallet providers, and issuers of cryptocurrencies. The law will enter into force next week. Crypto service providers will need to register with the country’s Financial Supervisory Authority and meet statutory requirements.</strong> Also read: Indian Supreme Court Postpones Crypto …

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

<strong>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 the challenges facing peer-to-peer crypto brokers.</strong> Also Read: Darknet Buyers Flock to Wall Street as Dream Winds Down …

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