Quote from: eaLiTy on August 06, 2019, 08:31:50 AM

Quote from: Ambucrypto369 on July 16, 2019, 04:32:11 PM

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?

The authorities are putting pressure on them to comply with AML rules and regulations if not they will need to migrate to other countries where there lenient and if not they will force them to shut the site completely. I have not traded in LBC for sometime now and i am not sure about their policies now but if they are not friendly with the customers then they are bound to loose the customers as there are other ways to make transaction and Paxful is a good alternative.

I don't understand why they don't just sell LocalBitcoins if they don't want to go to a more crypto-friendly country themselves. I'm sure many companies in the business of cryptocurrencies would be interested by this opportunity. LBC is the leader for local exchanges and most of people only knows and relies on it, so by doing that they are hurting bitcoin and bitcoiners from many places in the world.