LocalBitcoins Imposes Restrictions on Iranian Accounts
Cointelegraph
Published May 24, 2019 08:32AM ET
Updated May 24, 2019 09:02AM ET
LocalBitcoins Imposes Restrictions on Iranian Accounts
Major peer-to-peer cryptocurrency exchange LocalBitcoins.com has banned users living in Iran, according to their website as of today, May 24.
A source had previously told Cointelegraph in an email that the impetus for restricting Iranian transactions is to comply with financial regulations in Finland, where the headquarters of LocalBitcoins.com is located. Moreover, exchanges are purportedly cutting off Iranian users due to sanctions previously imposed on other exchanges by the United States.
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Written By: Cointelegraph
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