LocalBitcoins has added seven new altcoins to the listing, including stablecoins and meme tokens. According to the official announcement, the service now supports the following assets:
tether (USDT);
polkadot (DOT);
cardano (ADA);
bitcoin cash (BCH);
USD coin (USDC);
chainlink (LINK);
dogecoin (DOGE).
The service also added support for N26 and Bunq neobank payments for EU users. Users from Belarus can now use ERIP payment solutions, and GEO Pay support has been added for Ukraine.
However, users ignored the listing, continuing to criticize service for an opaque policy and frequent account blocking.
Source: twitter.com
Note that complaints about LocalBitcoins peaked in mid-April. It was then that the administration of the service initiated a major clean-up of accounts found to be in violation of the terms of use. However, according to users, the company should first check each outgoing address for AML / CFT compliance, and not carry out a massive sweep. Instead, LocalBitcoins blocked accounts and gave users 30 days to withdraw cryptocurrencies. Moreover, the service agreed to extend the terms of withdrawal of cryptocurrencies, but already as a paid service.
On the service page on Twitter appeared over a dozen comments, according to which the administration of the resource did not put forward any warnings. Instead, LocalBitcoins decided to block accounts with the requirement to withdraw cryptocurrencies in an ultimatum manner.
Our COO, Elena Tonoyan, sat down with @vlalimpiev to discuss one of the most frequently asked questions around locked accounts ➡️ what can cause them? 🔍#LocalBitcoins #LocalBitcoinsTV #SafeTradingIsHappyTradinghttps://t.co/LUSznsBHz2
– LocalBitcoins (@LocalBitcoins) April 28, 2021
As a reminder, the Primorsky District Court of St. Petersburg back in 2016 ruled to block LocalBitcoins. Thus, the court referred to the dissemination of information prohibited on the territory of the Russian Federation by the site. However, the blocking did not greatly interfere with traders from Russia. For example, it turned out that 41% of the market for Bitcoin holders on LocalBitcoins is in three countries – Russia, Venezuela and Colombia.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
