Bitcoin trading platform LocalBitcoins closes cash payment options

The LocalBitcoins platform no longer allows users to pay in cash or meet for a transaction. This is strange because it is the two main selling points of the platform. After all, many users like to meet with like-minded fans and complete the transaction by paying cash. It has been running very well for years, so terminating this service now looks quite strange. The reason for this change is still unclear. Since there is no prior notice to the user, it is reasonable to assume that this is a sudden decision that may be imposed on the company by external parties. LocalBitcoins may have entered a very unusual perspective by effectively allowing users to purchase BTCs in cash without meeting KYC requirements. And governments around the world are actively cracking down on services that allow users to purchase cryptocurrencies anonymously.