Localbitcoins Warns Over ‘Major Changes’ For Users in AML/KYC Crackdown - 4 BTC News
P2P Bitcoin trading platform Localbitcoins has has said it will launch fresh user identification requirements as part of its push to remain compliant with EU law. EU Compliance Looms For Localbitcoins In a statement published February 8, Localbitcoins said it would make “major changes” to its user experience following new anti-money laundering (AML) and know-your-customer (KYC) policies being enacted in its home jurisdiction of Finland. The country, in line with its own obligations, is upgrading its AML/KYC laws in line with the EU-wide 5AMLD legislation which came into effect last year. The exact nature of the changes remains uncertain and