A P2P cryptocurrency exchange service LocalBitcoins changed the verification procedure for existing users and amended registration rules for new users. Newcomers will be allowed to get acquainted to the service during the registration procedure, while the existing clients will be divided into four groups with different available functionality. The company made changes to comply with the new Finland Act on Virtual Currency Service Providers and an amendment to the Act on Detecting and Preventing Money Laundering and Terrorist Financing (“AML law”) approved by Finland parliament on March 13. As the platform supplies financial services it is supposed to fulfill the requirements of the effective legislation. “LocalBitcoins is working on improvement measures that will allow us to provide a safer and better service conforming to the regulations. On Monday 18th March, we have launched a new account registration process where users can verify basic information already during sign-up, making it easier for the newcomer to find trading partners from day 1 and increasing the number of suitable customers to advertisers as well as inhibiting the creation of illegitimate accounts,” the company wrote in a press-release. The Virtual Currency Service Providers Act will come into force in November 2019, creating a legal status for digital assets. According to the company’s press-release, this development will improve Bitcoin’s standing. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next China Premier Li: China will open further to foreign investment – Reuters FX Street 4 years A P2P cryptocurrency exchange service LocalBitcoins changed the verification procedure for existing users and amended registration rules for new users. Newcomers will be allowed to get acquainted to the service during the registration procedure, while the existing clients will be divided into four groups with different available functionality. The company made changes to comply with the new Finland Act on Virtual Currency Service Providers and an amendment to the Act on Detecting and Preventing Money Laundering and Terrorist Financing ("AML law") approved by Finland parliament on March 13. As the platform supplies financial services it is supposed to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.