Localbitcoin KYC reply

[malevolent]

Do you think LocalBitcoins going to share information with local government? In such cases, there might an issue.

If they don't have legal presence there and your country doesn't require them to share this information with them, I don't see why they would.

If other Bitcoin/cryptocurrency services or exchanges start giving you similar excuses you could start digging to find out why that happens, sometimes sharing a similar name with someone is enough to receive subpar treatment.

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[pugman]

If you do wind up with the politically exposed label you are in dire straits and you'll have the exact same problems and much worse with conventional finance. I've read of people totally frozen out of everything. No bank account, no credit, no mortgage, nothing.

If a reputable service told me I'd been tarred with that brush I'd shit myself and go and double check with my normal options. That's something I would want to clear up ASAP. In this case they're not all that reputable and are probably using it as an excuse to be pricks to you so it's likely an isolated incident. If it isn't you might find out soon enough.

Do you think LocalBitcoins going to share information with local government? In such cases, there might an issue.

Has your bank ever approached you regarding crypto transactions? Also, could it all be possible you were involved with/ know someone who may be potentially politically exposed?

But, from the looks of it, there is no chance in hell Localbitcoins went out of the day to find how "politically exposed" you are. Odds are, localbitcoins just didnt want to verify because you may have high number of trades in your account, and the factor that your country is known as "terrorist" country, and they just choose to give you a shitty reason with no justification whatsoever.

[logfiles]

By the way, do you mind sharing the platform you use now?

I guess its https://localcryptos.com/, a p2p site which doesn't require KYC. Its also non-custodial, so you can directly login with your Ledger. Originally, it started as a p2p exchange for ETH, now they support BTC.  

Spot on @akhjob
I reckon in the next couple of years, if things remain constant as they are, the trade volumes in the platform will grow massively as more people start to discover it. I have seen a half dozen traders with familiar usernames that i would trade with in localBitcoins already joining the train 

[ChuckBuck]

Do you think LocalBitcoins going to share information with local government? In such cases, there might an issue.

Impossible, this is really something absurd and absurd  I live in a country where they prohibit trading Bitcoin in particular and cryptocurrencies in general. But I can still use a lot of overseas platforms to exchange between Bitcoin and cash. I also registered on the LCB a month ago, performed KYC and everything went smoothly, with no deadlines. That mean the laws of a country don't really affect them, your troubles come from LCB. I also agree with the gentlemand, it could be an excuse 

[binance-stole-funds]

By the way, do you mind sharing the platform you use now?

Have you tried https://localmonero.co/  ?

[AB de Royse777]

By the way, do you mind sharing the platform you use now?

Have you tried https://localmonero.co/  ?

Not yet in fact never heard of it before today. I would like to know some feedback from the users who used it before however my chances are very less because this looks like a Monero powered.

Thanks by the way.

[dothebeats]

Looks like a weird response to me. Perhaps your country is under FATF investigation, or at least placed under a watchlist that's why LBC is acting as if you guys are all 'politically-exposed' or connected to some high-ranking officials that may or may not place their services at risk. Whatever the reason may be, the response really makes you think how are they conducting the checks for your KYC documents. It's also improbable that they are working hand-in-hand with the government in this case..

[eaLiTy]

How they come to know about my activities? As I never mentioned during KYC. What might be their External sources? And what is meant by a politically exposed persons?

I have no idea why they want to check your background about your activities to verify, usually when you hire an employee the employer usually check their social media accounts to know their politics and character but in this instance either the IP address range you are using might be flagged in their system and that is the only logical reason for rejecting your application.

Do you think LocalBitcoins going to share information with local government? In such cases, there might an issue.

Usually it happens only if there is a warrant against you and till now we have not heard any companies providing the individual information to any local government unless there is a serious allegation of fraud or criminal activities.