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Cryptopolitan 2019-11-17 23:39:47

LocalBitcoins enters Finland under FSA KYC policy

According to the latest development, LocalBitcoins enters Finland with an official registration at the Finnish Financial Service Authority (FIN-FSA) as a virtual currency provider. Finland only allows providers to operate in the country after proper registration and acceptance of the legal compliance policy. LocalBitcoins enters Finland under KYC rules In order to acquire the registration, LocalBitcoins was required to prove to FIN-FSA that it had implemented an adequate Anti-Money Laundering procedure. The registration comes with a mandatory know your customer (KYC) policy, along with an efficient safeguarding mechanism for the assets of the customers. Moreover, management and key position holders

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