What happened to local bitcoin trading site..do to the sudden implementation of KYC procedure regular traders getting shocked with the limitation of LBC trading... already we facing various issues from government sides, then the sudden KYC implementation gives negativity so the traders are decreases day by day. Finally the KYC procedure not user friendly, If we produce the right id proofs then also getting rejected. If it continues we dont no what happen to LBC next?
Everything that involves bitcoin is somewhat prone to regulatory framework, and that's what happen to LBC. This is just part and parcel of crypto now, governments are really taking a stance and putting pressure to exchanges not just LBC but high tiered exchanges. LBC will continue its services as long as they comply. So it really boils down as to whether you would like to verify yourself and continue using their business.