G7finance.com - Crypto Currency Updates logo G7finance.com - Crypto Currency Updates logo
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

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer