LocalBitcoins platform closes accounts of users from different countries, including Arab countries!
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer LocalBitcoins platform closes accounts of users from different countries, including Arab countries!
Several news reports have surfaced that the peer-to-peer bitcoin exchange LocalBitcoins has shut down several accounts of its users in different countries without giving any proper reason.
According to the report ForbesThe Finland-based platform closed accounts in Africa, Asia and the Middle East without any warning.
The platform cited the need to develop a caution mechanism and could be considered the reason why some users of the platform were unable to withdraw their bitcoins.
Venezuela’s Petro sells for half its value on LocalBitcoins
What happens in LocalBitcoins?
The first cases of lockdowns were reported a week ago, and people from countries like Iraq and Syria And Pakistan from withdrawing their currencies.
Read:Titan Investments Launches Cryptocurrency Investment Fund for US Investors
Although the platform gave no reason, affected users began to associate cases with the European Union’s new Anti-Money Laundering Law (AML).
Some Reddit users also told that they were unable to transfer their bitcoins.
It is worth noting that the Arab Bitcoin Group for buying and selling Bitcoin offers the appropriate option for many users in the Arab countries and offers them the possibility of buying and selling cryptocurrencies in an easy and fast way and at very competitive fees.
Read:The United States indicts the Venezuelan president on charges of money laundering and concealment of cryptocurrencies
To enter the group buying and selling digital currencies from link
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time