Localethereum adds bitcoin as Localbitcoins – Details
Via a blog post on November 19th, LocalCryptos which was formerly known as LocalEthereum, said it had completed a very important step of adding support for Bitcoin as well as Ether (ETH).
Localethereum blog post reads “The platform is a one-stop shop for fiat-to-crypto ramps worldwide, beginning with BTC and ETH,” . It thus described the move transfer from LocalEthereum to Localcryptos.
“LocalCryptos will list some of the most popular Ethereum-based tokens over time. We’ll develop a new smart contract to handle ERC20s, and, in the more distant future, ERC721s.”
The move comes a week after LocalBitcoins revealed its registration with regulators in its home country of Finland. Part of a multi-year scheme to formalize its compliance, LocalBitcoins is now an official virtual currency provider in the eyes of the Finnish Financial Supervisory Authority or FIN-FSA.
After this many users found out that they were no longer able to carry out their transactions anonymously.