Wait is Localbitcoins really banned in Germany? Is the German government going to ban the use of Bitcoin in the country or are they waiting to legalize it or something? I thought it was pretty easy to set up a person-to-person exchange of coins against cash. I guess people in Germany still trade Bitcoins for cash among themselves right?
Localbitcoins is not banned in Germany but they decided not to serve german customers.
You can still meet with people and do your trades.Nothing illegal about that.
What Coinbase and Localbitcoins are missing for the germany market is a license.No license no business, same as in the US.
Is Localbitcoin licensed in US? As what, a money transmitter? I didn't know that.
I can't tell you mate.
I'm not from the states.I'm german and just can tell you that localbitcoins stopped it's service in Germany since late 2014 due to regulatory reasons.
And I'm sure this is the same reason why Coinbase has no service in Germany.
Big "thanks" for that to our BaFin!
