Quote from: TheQuin on May 08, 2018, 09:11:24 AM

Quote from: magneto on May 08, 2018, 09:08:21 AM

No idea, but I didn't even trade that much over the past 12 months. I believe that my trading volume fell under the 2-5 BTC category, and I'd say that half of it incurred while BTC was still relatively cheap back in the first half of 2017.

I don't think that's that significant by any means, but I doubt that LBC wanted to do this either. Obviously doesn't make sense for them to do this voluntarily, and there had to be some sort of regulatory pressure be put on them.

That's what I was thinking. It makes me wonder if this has been applied everywhere or just in some countries where that pressure is coming from.

That would be interesting to see, however I'm pretty sure that it's worldwide.

Quote from: TheQuin on May 08, 2018, 11:08:03 AM

I understand why people don't what to verify, but for my use it doesn't really matter. I only use it to sell small amounts and as I'm using direct payment to my bank I have to give the buyer my name anyway. For larger amounts, I'd always use another exchange with better rates anyway. I guess it depends on what country you are in but for me, other exchanges means paying international wire fees and paying the spread on the currency conversion.

It'll definitely take away from their customer base for sure. However, you're right. Most people will remain unaffected by this change. Though if it was truly due to regulatory pressure from governments that Localbitcoins is being forced to do this, then is it going to in the future force identification upon all users, not just the high volume ones?

That would make sense considering the direction they're trying to go in at the moment.