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 […]

The post Traders Bemoan New Localbitcoins Identity Requirements appeared first on Bitcoin News.

Continue Reading

Crypto Needs Less Government Regulation – Not More

Crypto Needs Less Government Regulation – Not MoreA recent opinion article by Peter Lin, “Why Regulation Is The Best Thing For Crypto,” presents common arguments on why the state and state-affiliated institutions should administer cryptocurrency. Underlying the arguments is an assumption: the free market cannot provide necessary standards for crypto and the state must step into the void. Also read: Why the […]

The post Crypto Needs Less Government Regulation – Not More appeared first on Bitcoin News.

Continue Reading

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) […]

The post EU Members Adopt Tougher Crypto Rules Than AML Directive Requires appeared first on Bitcoin News.

Continue Reading