New EU regulations put an end to buying Bitcoin anonymously

New EU regulations put an end to buying Bitcoin anonymously


One of the last places you could buy Bitcoin (somewhat) anonymously online has implemented new compliance regulations that make it impossible for users to obscure their identity. LocalBitcoins.com announced yesterday that it implemented new measures to satisfy the European Union’s (EU) 5th Anti-Money Laundering Directive (5AMLD). The changes came into force on March 18, and LocalBitcoins is the first exchange in Europe to align its business to 5AMLD guidelines. To comply with the regulations the online Bitcoin marketplace is making new users sign up through a new account registration process. It will require users to verify basic information about themselves,…

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