Post
Topic
Board Bitcoin Discussion
Re: What's your thoughts on the recent Localbitcoins.com ban of its Iran-based users
by
pushups44
on 25/05/2019, 03:38:31 UTC
I stumbled across this post. https://www.coindesk.com/localbitcoins-bans-bitcoin-buying-in-iran-in-blow-to-rising-crypto-commerce

What's your thought on this ban? Is it fair on all its Iranians users.. I mean there have to be honest traders there.

Why is this a surprise? The U.S. government has infiltrated the platform and jailed those selling bitcoin on it, accusing them of violating money transmitter and money laundering laws. While I appreciate the intent of those who created the platform, by now it is thoroughly compromised.

To avoid this, I suggest users buy and sell bitcoin on exchanges that are legally compliant.