Post
Topic
Board Exchanges
Re: LocalBitcoins is no longer available in Germany ?
by
leopard2
on 12/01/2015, 16:45:27 UTC
you can change your location to a city in a neighbouring country, then look at the map

it is however a problem that people cannot edit/create ads, just enable existing ones

I am not so sure how temporary the problem truly is, so alternatives are needed....back to the old times, the Want ads?  Roll Eyes

Brilliant, really brilliant, how Germany is trying to head back into the past; just not sure if the BaFin is to blame or the scammers (which is LBCs fault then)  Angry

Most German sellers are acting illegally under German law. I don't know if LBC's "retreat" from Germany is the result of actions on BaFin's side or if LBC is just being proactive. In any case I doubt we'll see them return any time soon.

Mycelium's Local Trader seems to be an acceptable alternative for now.

P2P private transactions are not illegal, whether in cash nor other means of payment.

The Bafin is taking the stance that people who place an ad on LBC, are creators - not users - of the marketplace while responding to an ad is fine. I do not think that stance will fly in court. This would mean that any individual actively placing an ad for something (Ebay, small ads, whatever) would automatically be considered a professional dealer and subject to all sorts of regulations. On top of that there is still the question, is BTC money at all? If it is merchandise, not money, it would be treated like gold (which can be bought at professional dealers up to EUR 10 000 per day, for cash, anonymously).

But of course, people and LBC staff try to avoid legal hassle and this is the result.

I hope that this is taken to court soon, because it would be so wonderful if a court ruling in Germany states than BTC is money.  Cheesy