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Localbitcoins Platform Reportedly Bans Cash Trading - Technology Market - Nairaland

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Localbitcoins Platform Reportedly Bans Cash Trading by DonJobless: 1:17pm On Jun 03, 2019
Testboo.com



LocalBitcoins, a Finland Peer to peer bitcoin trading platform has been reported by users to have removed cash trading from its service on June 1st.
LocalBitcoins, which allows users to trade BTC for fiat currency privately, purportedly cut the option for in-person meetups to trade crypto for cash.A reply to the original Reddit report reads: “It’s time to no longer recommend LocalBitcoins, EVER,”

Executives from the company have so far refrained from publicly commenting on the move, which follows a slow process of Anti-Money Laundering (AML) and Know Your Customer (KYC) implementation.LocalBitcoins stopped anonymous trading in https://testboo.com/localbitcoins-platform-reportedly-bans-cash-trading/

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