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?
I though that KYC isn't mandatory in Localbitcoins.It is mandatory only if you want to post buy/sell listings and for lifting some selling limits,AFAIK.
The expansion of KYC policies is something normal for the bigger crypto platforms.They all know want to follow the new crypto regulations in order to keep their business.We have no choice,except verifying our identity on such marketplaces.