Tagged: localbitcoins

P2P Bitcoin Exchanges Paxful and LocalBitcoins Report Steady Growth of Global Operations including Asian Markets

Bitcoin Computer Keyboard

LocalBitcoins, a peer to peer BTC exchange service, notes that Bitcoin is “swooping” over the world and Asia is now at “the center” of all the action. LocalBitcoins writes in a blog post that this should come as no surprise given all the opportunities Bitcoin… Read More

Bitcoin Adoption: Small Business Owners in India Reveal how Accepting BTC Payments has Helped their Companies

Bitcoin Pastel

Deepika, who writes blog posts for LocalBitcoins, a peer-to-peer Bitcoin exchange, has asked whether there are any small business owners in India that accept BTC as a form of payment for goods and services. Deepika notes that it can be inconvenient when a small business… Read More

Bitcoin Adoption: Nearly 1M Active LocalBitcoins Users in Q4 2020, while P2P Competitor Paxful Reports Steady BTC Trading Growth

Two Bitcoin

Finland’s peer to peer (P2P) Bitcoin exchange, LocalBitcoins says that 2020 was an “extraordinary” year and during the past quarter (Q4 2020), the BTC price reached its all-time high and has continued to surge this year. Bitcoin (BTC) is trading at just over $38,000 at… Read More

P2P Bitcoin (BTC) Exchange LocalBitcoins Explains how to Generate Substantial Income during Crypto Bull Market

Bull New York City

The team at LocalBitcoins, a leading peer-to-peer (P2P) Bitcoin exchange, recently shared ways to generate passive income with their affiliate program. LocalBitcoins claims that the Bitcoin (BTC) bull market is now definitely here and 2021 is on track to “become a great year” for the… Read More

Bitcoin Analyst Discusses the Pros and Cons of Peer to Peer Cryptocurrency Trading on Platforms like LocalBitcoins

Bitcoin Computer Keyboard

LocalBitcoins, one of the oldest and most widely-used Bitcoin (BTC) services, reveals that most of its customers are based in developing countries. These are places (such as Argentina and Venezuela) where Bitcoin is needed badly as a store of value because local fiat currencies have… Read More

P2P Bitcoin Exchange LocalBitcoins Reports that Russia, Venezuela, Colombia are Among its Main Markets with Most BTC Trading Activity

Venezuela Currency 100 Bolivars

LocalBitcoins, a global peer to peer (P2P) Bitcoin exchange, notes that its platform allows users to invest in BTC which is notably one of the best-performing assets of 2020. The LocalBitcoins team confirms in a blog post: “According to our data, our main markets are… Read More

Threat of Quantum Computing to Bitcoin Should be Taken Seriously, But there’s Enough Time to Upgrade Current Security Systems, Experts Claim

Bitcoin Splitting

LocalBitcoins, a leading peer to peer (P2P) Bitcoin exchange, notes that with the advent of quantum computing, there have been concerns that this new technology could be a threat to existing online protocols. Some experts claim that powerful quantum computers might become a legitimate threat… Read More

P2P Bitcoin (BTC) Exchange LocalBitcoins Reports Over $29 Million in Annual Revenue for 2019, Updates KYC/AML Processes

Bitcoin Standing

LocalBitcoins, a leading peer to peer (P2P) Bitcoin (BTC) exchange, reported its financial results on July 1, 2020 for last year (2019). The P2P crypto exchange company recorded an annual revenue of €26.2 million (appr. $29.46 million), which represents a significant 10% increase when compared… Read More

Crypto Scams, Frauds, Hacks etc. Stole $1.36 Billion in First 5 Months of 2020: Report

Handcuffs Bitcoin Crime Theft Criminal Crook Crypto

The cryptocurrency sector of finance has long been a hotbed for fraud, scams, hacks, and crimes. The relative anonymity (or perceived anonymity) along with the ability to seamlessly transfer value in seconds has been catnip for crooks. Industry participants have struggled in the ongoing cat… Read More

Peer to Peer Crypto Exchange LocalBitcoins Registers with Finnish Financial Supervisory Authority

Bitcoin Pastel

Peer-to-peer (P2P) bitcoin exchange LocalBitcoins has registered with the Finnish Financial Supervisory Authority, FIN-FSA, the financial regulatory authority of the Finnish government. Earlier this month, Crowdfund Insider reported that five different virtual asset service providers (VASPs) had been approved and LocalBitcoins was in the mix… Read More

Five Cryptocurrency Exchanges Now Registered to Operate in Finland

15th 16th century Olavinlinna castle in Savonlinna Finland

Five virtual currency service providers (VASPS) have now been authorized by Finland’s Financial Supervisory Authority (FIN-FSA) to provide cryptocurrency services in the region. The five firms must also comply with EU anti-money laundering laws and will be subject to inspection. As well, in announcing the registered… Read More

“Destination Bitcoin” Operator Indicted in New Jersey for Unlicensed Money Transmission

Gavel Legal Mallet Law Court Justice wesley tingey unsplash

William Green, 46, of Wall Township, New Jersey, has been indicted in the state  for allegedly, “operating an unlicensed money transmitting business through which he charged customers fees to convert more than $2 million in cash into the digital currency Bitcoin.” The indictment follows a criminal complaint… Read More

Massachusetts Issues Cease and Desist Order Against Florida Woman, 62, Participating in Multi-State Crypto Fraud Scheme

Gator Bait Florida Danger Warning

The Massachusetts Securities Division of the Office of the Secretary of the Commonwealth Enforcement Section is seeking orders to force a 62-year-old woman in Florida to cease perpetuating a fraudulent cryptocurrency scheme operating in at least 6 American states. The agency is also asking that… Read More

LocalBitcoins Confirms Cessation of Cash Trades

Bitcoin Pastel

LocalBitcoins, a popular service that connects buyers and sellers of bitcoins across the globe, has confirmed that it has dropped in-person cash trades for bitcoins from its list of available services. Funds moving in and out of bitcoins through LocalBitcoins will now have to pass… Read More

LocalBitcoins Suspends In-Person Cash Trades by US Customers

Do Not Enter Stop Halt

LocalBitcoins, a popular global bitcoin trading service that matches individual buyers and sellers, has removed in-person cash trades from its list of available payment options. The change appears to have been applied across the platform, though some Canadian sellers are still advertising a “cash in… Read More

LocalBitcoins Blocks Users in Iran

Iran Money

Peer-to-peer Bitcoin trading service LocalBitcoins has shut down trading among users in Iran, likely in order to comply with US sanctions, Coindesk reports. Iranian LocalBitcoins customers are still allowed to withdraw bitcoins but reportedly cannot conduct new trades or update previous ones. According to reporter… Read More

Prolific 22-Year-Old Unlicensed Bitcoins Dealer Sentenced to Two Years Imprisonment

Punishment Stocks Crime

Jacob Burrell Campos, 22, from Rosarito, Mexico, has been sentenced to two years in prison and will forfeit $823,357 “in illicit profits” after being convicted of running an unlicensed money transmission business, that, “…(sold) hundreds of thousands of dollars in Bitcoin to over 1,000 customers throughout… Read More

LocalBitcoins Implements KYC/AML Customer Identification Procedures

Accuse Point Finger by Adi Goldstein on Unsplash

LocalBitcoins, a global web-based service founded in Finland that allows sellers and buyers of Bitcoins to coordinate sales and meetings has announced that it will be requiring users to provide proper identification from now on. The announcement follows the implementation of new laws governing such… Read More

Florida Granted Right to Appeal Previously Dismissed Case Against LocalBitcoins Trader

Gator Bait Florida Danger Warning

The State of Florida has been granted the right to appeal Judge Theresa May Pooler’s dismissal of a case of alleged unlicensed money transmission brought against a LocalBitcoins trader called Michell Espinosa. In 2013, Espinosa became the focus of a sting operation for “operating an… Read More

Peer-to-Peer Bitcoin Trade Service LocalBitcoins Hacked

Fraud Fraudulent Definition

Hackers may have created a fake LocalBitcoin forum page for the popular global peer-to-peer Bitcoins trading service LocalBitcoins, thereby conning “a number” of affected users out of disclosing the info needed to steal their digital coins. According to a report from LocalBitcoins on Reddit, the… Read More

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