A P2P cryptocurrency exchange service LocalBitcoins changed the verification procedure for existing users and amended registration rules for new users. Newcomers will be allowed to get acquainted to the service during the registration procedure, while the existing clients will be divided into four groups with different available functionality.
The company made changes to comply with the new Finland Act on Virtual Currency Service Providers and an amendment to the Act on Detecting and Preventing Money Laundering and Terrorist Financing (“AML law”) approved by Finland parliament on March 13.