The LocalBitcoins case…


SUBMITTED BY: Guest

DATE: Feb. 8, 2014, 3:29 p.m.

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  1. Maybe you've seen this article on CoinDesk: http://www.coindesk.com/localbitcoins-users-criminal-charges-florida/
  2. Of course you need a license to trade Bitcoin for U.S. dollars and other currencies – but that's it.
  3. In order to make a deal that is compatible with existing regulations you have to:
  4. –> acquire a product with Bitcoin that can be sold in exchange for real currency
  5. –> pay for a service with Bitcoin that indirectly increases your wealth in real currency
  6. At this point it seems like Bitcoin needs a platform for local product and service offers instead of LocalBitcoins – at least for the United States.

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