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Localbitcoins Said it Will Introduce New User Identification Requirements to Comply with EU Law
Summary: Localbitcoins, the P2P bitcoin trading platform, said it will introduce new user identification requirements as part of its efforts to comply with EU law. In a statement issued on February 8, it said that after the implementation of the new Anti-Money Laundering (AML) and Know Your Clients (KYC) policies in Finland, Localbitcoins will make "significant ...
Localbitcoins, the P2P bitcoin trading platform, said it will introduce new user identification requirements as part of its efforts to comply with EU law. In a statement issued on February 8, it said that after the implementation of the new Anti-Money Laundering (AML) and Know Your Clients (KYC) policies in Finland, Localbitcoins will make "significant changes." In the past six months, the popularity of Localbitcoins has increased dramatically in countries with economic and political instability such as Venezuela. But it is not clear how demand identity requirements affect these markets.
Tags: Localbitcoins
Link: Localbitcoins Said it Will Introduce New User Identification Requirements to Comply with EU Law [Copy]
