Topic: Localbitcoins removes face to face cash trades - page 3. (Read 572 times)
It seems that as cryptocurrency becomes main stream privacy is being attacked by regulations and the government. This news will affect a lot of people specially those who is dependent on localbitcoin when it comes to buying and selling btc. Most exchange platform now requires KYC and confidential information is not exclusive, I guess in time cryptocurrency as we know it will never be the same as regulation and adaptation takes place.
News like these are always bad news, i use this service from a long time ago, and i have seen how it was evolving until what we see now, and i don't like it anymore, the problem is that is my only option right now, so, i will keep using it until i found a better option.
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i think localbitcoins.com have been under pressure from the government specially since their headquarters is located in Finland and in February Finland’s president approved a law for regulation of all these services. they have been closing their doors to certain countries like Iran too.
whenever a service starts doing this, usually a new one starts up and replaces it though. there already are a couple of them although they are not as popular, we should wait and see which one rises up to do the replacement.
Localbitcoins.com is the one that serves people with the exchange of bitcoin to fiat and fiat through traders. Closure of face to face trading is not a big issue, pressure from the government on these issues will keep on increasing as the growth of the market keeps tanking. If the government and the regulations were the issue can it be moved to countries with good support such as Estonia. whenever a service starts doing this, usually a new one starts up and replaces it though. there already are a couple of them although they are not as popular, we should wait and see which one rises up to do the replacement.
Yea.. this is probably pretty much like what happened to ShapeShift, whereas they required KYC mostly due to prevent the government from shutting them down. People are attacking these businesses saying that they're removing the "true spirit or crypto" or some BS like that.
Anyway, people can still use Mycelium Local Trader[1]; though there are definitely a lot less people using it.
[1] [1] https://mycelium.com/lt/help.html
Anyway, people can still use Mycelium Local Trader[1]; though there are definitely a lot less people using it.
[1] [1] https://mycelium.com/lt/help.html
Are there other face to face trading for cash websites for bitcoin or other cryptocoins? Share them in this thread. We must protect our privacy, we must protect our freedom to trade physically, we must not let our oppressors win.
Privacy is a key word in the crypto space, and this is an essential element that defines the very nature of cryptocurrencies. People don’t want their identity revealed and neither their private information.
A recent unfortunate event took place in the crypto space and managed to destroy the whole concept behind the LocalBitcoins platform.
The platform removed the cash trades.
First of all, LocalBitcoins business is now no longer private because it has been ruined by regulators.
Now, the platform is sharing the complete info that users are providing and this includes chat logs and bank data as well.
Read in full https://oracletimes.com/localbitcoins-platform-removes-cash-trades-and-works-with-regulators-the-business-is-no-longer-private/
Privacy is a key word in the crypto space, and this is an essential element that defines the very nature of cryptocurrencies. People don’t want their identity revealed and neither their private information.
A recent unfortunate event took place in the crypto space and managed to destroy the whole concept behind the LocalBitcoins platform.
The platform removed the cash trades.
First of all, LocalBitcoins business is now no longer private because it has been ruined by regulators.
Now, the platform is sharing the complete info that users are providing and this includes chat logs and bank data as well.
Read in full https://oracletimes.com/localbitcoins-platform-removes-cash-trades-and-works-with-regulators-the-business-is-no-longer-private/
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