LocalBitcoins adopts blockchain analytics for AML safeguards
A CipherTrace report indicated that LocalBitcoins received the most criminal funds—over 99%—in the first half of 2020.
The Latest LocalBitcoins News
US man charged with aiding in BTC laundering, overlooking human trafficking
Kenneth Rhule faces eight charges from U.S. Homeland Security for operating an unlicensed money transmitting business, among others.
LocalBitcoins closing trader accounts without warning
The closures have so far been isolated to LocalBitcoins accounts in Africa, the Middle East, and Asia.
5 crypto services secure Finland’s green light to operate
The five, which include LocalBitcoins and Prasos, will be closely monitored by Finland’s market regulator.
Localbitcoins users warned against using TOR over theft concerns
Localbitcoins has warned that the use of the privacy-centric browser could result in an increased risk of users having their assets stolen.
LocalBitcoins no longer allows cash-for-crypto trades
LocalBitcoins has come under fire recently for several reasons, including not enforcing mandatory financial reporting requirements.
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.
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.
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.
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.
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.
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.