Category: Localbitcoins

Localcryptos Lets You Cash Out BTC P2P – Minus the KYC 

Localcryptos Allows You to Cash Out BTC P2P – Minus the KYC If you’ve ever had a sudden need for fiat while all in crypto, you’ll understand the difficulty of cashing out without KYC-ing away your identity and that of your unborn children. Localbitcoins is now an AML hellhole, Bisq is great if you’re happy to wait two days for a trade, which leaves what exactly? Localcryptos.com. […]

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Banking Platform Cashaa Sees Indian Trading Volume Soar, Adding 5 More Cryptocurrencies

Banking Platform Cashaa Sees Indian Trading Volume Soar, Adding 5 More CryptocurrenciesBanking services platform Cashaa has seen significant growth in crypto trading volume in India since it began offering INR deposits and withdrawals. The platform has cut its fees by more than 50% and is getting ready to add five more cryptocurrencies for users in India, Cashaa has shared with news.Bitcoin.com. Also read: Regulatory Roundup – […]

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P2P Crypto Trading App Allows You to Protect Your Privacy

P2P Crypto Trading App Allows You to Protect Your PrivacyRegulatory pressures as well as the development of third-party, intermediary and custodial services in the crypto space have been limiting the share of peer-to-peer trading. A new contender is now challenging established P2P exchanges by offering users a mobile service that allows them to determine the level of privacy they want to maintain, and use […]

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GlobalBitcoinsPro.com Enables Offline BCH Cash Trades

GlobalBitcoinsPro.com Enables Offline BCH Cash TradesAfter the devastating news of the removal of offline cash trades and the new vigorous and intrusive KYC policy from popular P2P Exchange Platform the community needed an alternative. We’re happy to announce the arrival of GlobalBitcoinsPro.com which has been created to revive the community.

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Indian Crypto Trading Volumes Accelerate on Positive Sentiments

Indian Crypto Trading Volumes Accelerate on Positive SentimentsCryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users. Also read: Mistakes Crypto Owners and Traders Should Avoid Strong Trading Volume Growth Banking services may be restricted […]

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Traders Bemoan New Localbitcoins Identity Requirements

Traders Complain About Localbitcoins Latest Identity RequirementsRecent data shows that countries with corrupt governments have a strong correlation with Localbitcoins trade volumes. However, even though the over-the-counter (OTC) marketplace Localbitcoins has grown massive over the years, traders are complaining about heightened know-your-customer/anti-money laundering requirements. The exchange recently changed its KYC/AML guidelines on September 1 and users say more verification mandates might […]

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EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

EU Members Adopt Tougher Crypto Rules Than AML Directive RequiresEurope 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 (AMLD5) […]

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Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto

Unbanked for Buying Bitcoin: How the Financial System Criminalizes CryptoWhen 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. Their ‘crime’? Buying […]

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How Government Agencies Make Criminals of Crypto Traders

New Jersey Man Indicted as Global Crackdown on Crypto EscalatesA 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 and […]

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Local BCH Venue Opens and Community Goal Nears in the Weekly Update From Bitcoin.com

A new local bitcoin cash venue opens for trading worldwide and the community is nearing a funding goal milestone for BCH developers. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel. Also Read: Why Bitpay Is Really Charging More for BTC Transactions Local BCH Venue Opens as Localbitcoins Removes […]

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Localbitcoins Removes In-Person Cash Trades Forcing Traders to Look Elsewhere

Localbitcoins Removes In Person Cash Trades Forcing Traders to Look for AlternativesOn 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. Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Gathers […]

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Traders Are Now Banned From Using Localbitcoins Exchange in Iran

Traders Are Now Banned From Using Localbitcoins Exchange in IranTraders 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 over the last […]

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Crypto Adoption Remains Strong in Venezuela Amid Political Chaos

Crypto Adoption Remains Strong in Venezuela Amid Political ChaosThe 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. Also read: Indian Supreme Court Postpones Crypto Case at Government’s […]

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Finland Begins Regulating Cryptocurrency Service Providers

Finland Begins Regulating Cryptocurrency Service ProvidersFinland’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. Also read: Indian Supreme Court Postpones Crypto Case at Government’s […]

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

“It’s A Lion’s Den” - P2P Traders Discuss Challenges of Operating on LocalbitcoinsDespite 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. Also Read: Darknet Buyers Flock to Wall Street as Dream Winds Down […]

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How a Large Cash for Bitcoin Deal Goes Down

How a Large Cash for Bitcoin Deal Goes DownAJ is a British bitcoin miner who loves privacy and hates KYC. When he needs cash to pay his bills, he meets bitcoin buyers in person. EZ is a full-time bitcoin trader who spends his days driving from city to city buying and selling BTC. This week, the two strangers met to conduct a $20K […]

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Finland’s Regulatory Watchdog Plans to Supervise Localbitcoins Operations

Finland's Regulatory Watchdog Plans to Supervise Localbitcoins OperationsOn Monday, the Helsinki-based peer-to-peer crypto exchange Localbitcoins announced it is adding several different identification processes in order to improve AML and KYC requirements. The move to bolster the new customer verification procedure follows Finland’s Financial Supervisory Authority (FSA) mandating supervision over exchange operations. Also read: Mineable Cryptocurrencies Are Far More Valuable Than Non-Mineable Coins […]

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CNY Inflows Into Crypto Markets Surge After Shanghai Composite Spike

CNY Inflows Into Crypto Markets Surge After Shanghai Composite SpikeBack in January 2017, China’s financial authorities initiated their first crackdowns against domestic bitcoin exchanges, with a ban on mainland exchanges cryptocurrencies against the yuan coming shortly thereafter. Now, close to two years and three months later, a surge of CNY has been flowing back into the digital currency economy after the Shanghai Composite posting […]

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Bitcoin Volumes in Venezuela Plummet During Nationwide Blackout

Bitcoin Volumes in Venezuela Plummet During Nationwide BlackoutVenezuelans are having a difficult time as the country’s power grid shut off on March 7, leaving the majority of Venezuelan states with no electricity for well over a week. According to reports on March 14, electricity has been restored throughout most states within the country. However, during the week-long blackout, bitcoin trades on the […]

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‘Bitcointopia’ Founder Admits Selling Government-Owned Land to Bitcoiners

‘Bitcointopia’ Founder Admits Selling Government-Owned Land to BitcoinersThe founder of a scheme called Bitcointopia to sell land in the U.S. state of Nevada to bitcoiners has admitted in a federal court that some land was not his to sell. Previously arrested for selling BTC to an undercover agent through Localbitcoins, he also pleaded guilty to running an unlicensed money transmitting business. Also […]

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P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

P2P Markets: Russian Localbitcoins Trade Outpaces VenezuelaDuring the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $51.51 million worth of trade. Of that, 3,593 was BTC traded via the Russian markets, 83 percent more volume than was produced by Localbitcoins’ second-largest market, Venezuela. Also Read: Turkish Real Estate Agency Sells 9 Houses […]

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