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LocalBitcoins Authorized by Finnish FSA To Operate As Virtual Currency Provider

LocalBitcoins has officially received the license to operate as a virtual currency provider from the The Finnish Financial Services Authority (FIN-FSA), and can publicly provide services from November...

Natalie Wu | Nov 18, 2019 13:28

US LocalBitcoins Trader Sentenced to 21 Months for Running Unlicensed Bitcoin Exchange

A LocalBitcoin trader has been found guilty by the US authorities and will face extensive jail time following his involvement in running an unregistered crypto exchange platform. According to the U.S....

Shannon Wilson | May 31, 2019 04:32

Illegal Bitcoin Sales Land Dealer 2 Years in California Jail

A LocalBitcoins trader who illegally sold Bitcoin to more than 1,000 people in the US has been sentenced by a California court to two years’ imprisonment, and ordered to give up $823,357 in illicit...

Natalie Wu | Apr 13, 2019 04:19

LocalBitcoins: Improved Finnish Law will Boost Bitcoin’s Standing

Earlier this month, Finland approved a new Act on Virtual Currency Service Providers and an amendment to its Act on Detecting and Preventing Money Laundering and Terrorist Financing (or AML law). With...

Natalie Wu | Mar 28, 2019 04:15

LocalBitcoins Moving to New Identity Verification Process

LocalBitcoins has said last week in an official blog post (Feb 8) that it is in the midst of enhancing its user verification rules and processes in line with the European Commission’s 5th Anti-Money...

Shannon Wilson | Feb 13, 2019 04:08

LocalBitcoins Hit by Phishing Attack

Finnish Bitcoin startup LocalBitcoins has confirmed that a third party vulnerability led to an unauthorized source to hack its system. LocalBitcoins has since suspended its forum in an attempt to...

Warren Hayes | Feb 01, 2019 04:00