Hi all,
I have money in a UK bank account and I would like to send it to somebody in Malaysia.
It seems simple enough to go GBP -> BTC then BTC -> MYR.
But the recipient is unwilling to open any crypto related accounts currently and, due to AML, I cant use, for example, Local Bitcoins combined with their local bank account (as it's in a different name and would fail verifiation).
Is there any other way currently? Or must I wait for the industry to mature further?
actually not all the users and localbitcoins asking for your personal information and KYC verified details to open the trade. There are some traders still available without any bars like that.
So you directly take your friend to your lbc wallet and open a trade for Malaysian ringgit and search for bank transfer or cash deposit for your client who is there. It will be helpful to avoid the double time conversion.