Business 4 June 2019

LocalBitcoins no longer allows cash-for-crypto trades

LocalBitcoins has come under fire recently for several reasons, including not enforcing mandatory financial reporting requirements.

Business 29 May 2019

LocalBitcoins trader sentenced to 21 months in prison

The Las Vegas resident was accused of running an unlicensed money transmitting business, as well as wire fraud, in conjunction with his LocalBitcoins endeavors.

Business 27 May 2019

LocalBitcoins bans users in Iran amidst global tensions

LocalBitcoins didn’t say why they had shutdown for Iran, but global tensions look like they put some pressure on the company and its homeland of Finland.

Business 26 March 2019

Localbitcoins to be supervised by Finnish regulators

LocalBitcoins will soon become supervised by Finland’s Financial Supervisory Authority (FSA), as the firm announced on its blog.

Business 21 February 2019

Cyprus SEC calls for the adoption of EU AML laws for crypto

The Cyprus Securities and Exchanges Commission has proposed the transposition of the EU's Fifth Anti-Money Laundering Directive into national law.

Business 13 February 2019

New AML rules and record volumes for LocalBitcoins

LocalBitcoins is adjusting its policies to follow new European laws, while also setting record volumes in 23 countries.

Business 29 January 2019

Localbitcoins attackers steal $28,000 worth of cryptocurrencies

LocalBicoins was attacked, and the thieves were able to access accounts on the platform and empty funds from affected accounts.

Business 31 October 2018

US man running unlicensed crypto business via LocalBitcoins faces jail time

A man who ran a Bitcoin Core (BTC) operation through LocalBitcoins could possibly go to jail.

Business 16 July 2018

Crypto trader ‘Bitcoin Maven’ faces jail time over money laundering charge

Theresa Lynn Tetley was a former stockbroker and real estate investor who authorities said conducted an illegal business and engaged in unlawful monetary transactions involving BTC.

Business 19 April 2018

LocalBitcoins users decry mandatory IDs for large transactions

A Reddit user posted a screenshot showing that certain LocalBitcoins users are being forced to show identification before being allowed to conduct any transactions on the platform.

Business 6 April 2018

India regulators nix crypto transactions in banks

Central bank-backed financial institutions in India are no longer permitted to allow their customers to purchase cryptocurrency through their accounts.