LocalBitcoins confirms removal of in-person cash trades
Following media attention on LocalBitcoins' axing in-person cash trade support on its domain, LocalBitcoins' confirmed it ended the option due to local restrictions. Based in Finland, LocalBitcoins has to adhere to the Act on Detecting and Preventing Money Laundering and Terrorist Financing. As the statement reads, "condition[s] demands us to follow certain sanctions and implement effective controls to mitigate related threats."
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