LocalBitcoins Tightens KYC/AML Policy
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Sept. 2, 2019
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Finnish p2p bitcoin trading platform LocalBitcoins is about to tighten its AML/KYC policy.

The changes that are about to come into force are related to the new Finnish legislation. From September 1, those traders whose trading volume does not exceed 1,000 euros, must provide the platform with the full name, country of residence, email and phone number.

If the volumes are higher, a user must go through the full KYC procedure and provide LocalBitcoins a passport or other government-issued ID document.

Earlier LocalBitcoins reconsidered its policy on local cash trades by disabling face-to-face bitcoin trading feature.

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