LocalBitCoins to intro AML from EU

in #brainfeed5 years ago

The anon way to buy BTC was to meet someone and exchange cash for BTC.
Several people have been arrested for money exchange offenses, after sting operations by Police.

Now the platform has agreed to the EU's new rules in regards to Money laundering.
Changes seem to be rolling out after March may apply to only new accounts or may restrict withdrawals unless verified.

https://www.cryptoglobe.com/latest/2019/02/localbitcoins-to-comply-with-european-union-s-new-anti-money-laundering-laws/

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