LocalBitcoins Opens For Business In Finland After Registering As A Virtual Currency Provider

The P2P bitcoin exchange tightens up KYC/AML compliance as it obtains Finnish Financial Service Authority (FIN-FSA) license to operate in the country. LocalBitcoins gains Finnish Financial Service Authority (FIN-FSA) license as a certified virtual currency provider that allows the peer-to-peer exchange to run its business in the country legally. To acquire the license, LocalBitcoins had to make…

LocalBitcoins Stops Operating In Iran Due To Compliance Issues

LocalBitcoins has decided to stop operating in Iran due to compliance issues. LocalBitcoinsis one of the most popular peer-to-peer crypto exchanges in the world. However, the platform was criticized by the community when it banned in-person cash trading. LocalBitcoins Suspends Operations in Iran Due to Regulatory Constraints LocalBitcoins is again generating controversies after it decided to stop providing services to customers…