LocalBitcoin Community Manager responds to ban on Iranian users: Compliance is now a top priority

According to AMBCrypto, LocalBitcoin community manager Vera Xavier said in an interview that the reason for prohibiting Iranian customers from using their platform is the regulatory requirements. She said that the cryptocurrency market is being “regulated” and added that there are many grey areas. She also pointed out that compliance is one of the top priorities of the platform. “Obviously there are a lot of regulations to be introduced… Although we are a company operating under Finnish law, we have users from all over the world, and sometimes for some regulatory reasons, we may stop serving in certain countries.”