What's your thoughts on the recent Localbitcoins.com ban of its Iran-based users - page 2.

Romeoetin

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Quote from: mk4 on May 24, 2019, 11:32:58 AM

Quite weird that LocalBitcoins is only the one that's banned and not bitcoin itself. Hence I'm also leaning to the US-Iran controversy like said on the article. Though I'm not sure why only LocalBitcoins is banned, but I guess LocalBitcoins is just one of those few exchanges that allows trading on Iranian residents.

Look at the bright side. At least it's not bitcoin that's banned I guess?

Quote from: Romeoetin on May 24, 2019, 11:08:39 AM

Is it fair on all its Iranians users.. I mean there have to be honest traders there.

I don't think government officials care much if it's "fair" to everyone or not.

but don't you think this will have a huge impact on the bitcoin trading community in Iran owning to the fact that Localbitcoins.com is one of its top exchanges there.

kotajikikox

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Quote from: Romeoetin on May 24, 2019, 11:08:39 AM

I stumbled across this post. https://www.coindesk.com/localbitcoins-bans-bitcoin-buying-in-iran-in-blow-to-rising-crypto-commerce

What's your thought on this ban? Is it fair on all its Iranians users.. I mean there have to be honest traders there.

I think the goverment of iran have a plan this banned decesion for localbitcoin or its either they have a plan to regulate it to collect taxes fron local users. I think the reason why bitcoin itself not affected for the localbitcoin banning it because its diffucult to regulate it cintrol knowing bitcoin is use internationally.

Ailmand

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Why do they have to do it? I mean, why did they ban Localbitcoins alone when there are actually lots of exchanges being used in the said country? However, we can't blame them because Iran is known to have a huge percentage of terrorism so I guess they're just trying to control the access of crypto to stop criminals of using it in their own purposes.

Genemind

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Most countries only see the negative effect of crypto trading so they're banning and prohibiting the use of some exchanges and platforms.
Iranians must know how to access and use other exchanges except for Localbitcoins. They could also use a p2p platform for trade and purchase coins.

kingpin4321

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It might be just more than dishonest traders getting involved be the reason to why localbitcoin ban it's iran based users. The country is one who upholds so Islamic law in which there are little dispute as to whether it's in line with there faith. I can say either there is slow turn out there in that base or there is a governmental ban

tippytoes

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Quote from: dothebeats on May 24, 2019, 12:00:52 PM

With the limited number of actual avenues in Iran to which a bitcoin user can trade his bitcoins for cash, I can say that the ban of LocalBitcoins is somewhat already a hard blow. Well from the looks of it, it seems like this is just another one of the crazy tricks the US can look pull off to pin Iran on the wall pretty hard. Perhaps it is time for the Iranians to create their own exchange and figure out things from there.

Quote from: bagalkot on May 24, 2019, 11:55:18 AM

They banned in due to risk factor of funds moving illegally for illegal purpose, so to stop it they have issued this notice.

Pretty sure it's more than that.

Are there no other options for Iranians other than LocalBitcoins? I guess there will be at least one local crypto exchange operating within that country. And this is a good opportunity for them to launch their own local crypto exchange, in case they don't have one yet. They are not banning bitcoin only the service of LocalBitcoins. So I guess, it is still good to go for crypto users in that country.

Bitum

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Iran is not the best kocation for crypto. Erlich said, I do not like it when state meddles in this matter. I'm against it. You should deal with fiat. Crypto should stay out of state control

dothebeats

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With the limited number of actual avenues in Iran to which a bitcoin user can trade his bitcoins for cash, I can say that the ban of LocalBitcoins is somewhat already a hard blow. Well from the looks of it, it seems like this is just another one of the crazy tricks the US can look pull off to pin Iran on the wall pretty hard. Perhaps it is time for the Iranians to create their own exchange and figure out things from there.

Quote from: bagalkot on May 24, 2019, 11:55:18 AM

They banned in due to risk factor of funds moving illegally for illegal purpose, so to stop it they have issued this notice.

Pretty sure it's more than that.

bagalkot

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They banned in due to risk factor of funds moving illegally for illegal purpose, so to stop it they have issued this notice.

mk4

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Quite weird that LocalBitcoins is only the one that's banned and not bitcoin itself. Hence I'm also leaning to the US-Iran controversy like said on the article. Though I'm not sure why only LocalBitcoins is banned, but I guess LocalBitcoins is just one of those few exchanges that allows trading on Iranian residents.

Look at the bright side. At least it's not bitcoin that's banned I guess?

Quote from: Romeoetin on May 24, 2019, 11:08:39 AM

Is it fair on all its Iranians users.. I mean there have to be honest traders there.

I don't think government officials care much if it's "fair" to everyone or not.

Romeoetin

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Activity: 240

Merit: 2

I stumbled across this post. https://www.coindesk.com/localbitcoins-bans-bitcoin-buying-in-iran-in-blow-to-rising-crypto-commerce

What's your thought on this ban? Is it fair on all its Iranians users.. I mean there have to be honest traders there.

Topic: What's your thoughts on the recent Localbitcoins.com ban of its Iran-based users - page 2. (Read 377 times)