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LocalBitcoins Receives Virtual Currency Provider Status in Finland

Published 11/18/2019, 08:37 AM
Updated 11/18/2019, 09:41 AM
 LocalBitcoins Receives Virtual Currency Provider Status in Finland

LocalBitcoins has received the status of Virtual Currency Provider based on Finnish regulations of digital assets. This makes the firm one of the few exchanges that can operate in Finland. The country has banned other crypto-related companies from operating outside the license requirements.

LocalBitcoins has picked up in popularity in the past months, with a marked uptick in interest from Venezuela, Argentina, Peru, Colombia, and other South American countries.

https://twitter.com/3commas_io/status/1196382710069186561

However, the service has blocked user accounts starting from November, in a drive to become fully transparent and legalized. From November 1, LocalBitcoins also requires significant reporting and a...

This article appeared first on Cryptovest

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