Post
Topic
Board Service Discussion
Re: Roger Ver: Starting His Own Crypto Exchange?
by
AdolfinWolf
on 17/07/2019, 13:07:42 UTC
As for the website (https://local.bitcoin.com) it seems a half-hearted project to show people BCH is widely used when the reality is it is only a market place, hardly a real exchange.

I actually think it's a decent alternative to LocalBitcoins(due to KYC). Fortunately and unfortunately though(depending on which side you're on), I don't see local.bitcoin.com to be up and running without KYC/AML for long at all. If it gets big enough, it will receive the same government treatment that localbitcoins received.
Unless they don't adhere US/EU laws, in which case it should be interesting to see what happens (?)

I'm still waiting for a P2P platform that isn't hosted in the US/EU.

Both paxful and LBC are, and i really don't understand why. Wouldn't it be much smarter to incorporate in Seychelles/Vanuatu/Another offshore country? Less taxes, less regulation that you have to push upon your customers..

It's not like you need a bank account anyway, as all your "profits" are in BTC.
Perhaps i'm thinking wayy too simplistic about it.