Tag: peer to peer exchange

In an interview with Timothy Tam, former executive at Goldman Sachs and the founder of Coinfi, Kyber Network founder Loi Luu stated that despite high anticipation from the global cryptocurrency community, decentralized exchanges have not been able to achieve high liquidity and popularity. Failed Projects In September 2017, Coinbase co-founder and former Goldman Sachs executive Fred Ehrsam emphasized that decentralized…

READ MORE

LocalBitcoins, a popular peer-to-peer bitcoin trading platform, is now complying with AML (Anti-money Laundering) and KYC (Know Your Customer) procedures, according to a post from April 17. The new AML and KYC developments were brought to the public’s attention when a new thread emerged on Reddit. The original Reddit post featured a screenshot of Reddit user, YellowCuda’s experience of using…

READ MORE

A Singaporean citizen who orchestrated a robbery during a bitcoin sale is to be jailed, according to reports from local police on April 12, amidst a wave of crypto-related thefts occurring outside of the cybersphere. In recent times cryptocurrency-related crimes have been on a steady increase in tandem with the sudden surge in the value of bitcoin and the wider…

READ MORE

On May 2, Missouri-based tech entrepreneur Jason R. Klein pleaded guilty in federal court to charges of running an illegal money transmitting business by converting bitcoin into cash without a license using the popular peer-to-peer marketplace LocalBitcoins. For his actions, Klein could face up to five years in federal prison. Instead of bringing the case in front of a grand…

READ MORE