The LocalBitcoins case…


SUBMITTED BY: Guest

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

FORMAT: Text only

SIZE: 656 Bytes

HITS: 747

  1. Of course you need a license to trade Bitcoin for U.S. dollars and other currencies – but that's it.
  2. In order to make a deal that is compatible with existing regulations you have to:
  3. –> acquire a product with Bitcoin that can be sold in exchange for real currency
  4. –> pay for a service with Bitcoin that indirectly increases your wealth in real currency
  5. 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.