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My guess is all the companies dealing in crypto that aren't properly licensed and aren't well connected politically are going to be in legal trouble soon. Makes
by trompetenaccoun 4y ago
My guess is all the companies dealing in crypto that aren't properly licensed and aren't well connected politically are going to be in legal trouble soon. Makes sense for them to quit while they're still up, the business model has no way of standing long term. Probably smarter to take their money and just buy Coinbase stock or something like that.
The fact that they introduced KYC speaks for itself, because what's the point of using localbitcoin when you need to go through KYC? The whole idea was that it's anonymous p2p trade. If they require KYC too, users might as well go to one of the proper exchanges and get a better deal. Plus all the other services like staking or NFT markets on top.