Finland Regulator Licensed LocalBitcoins
The main financial regulator of Finland - FIN-FSA approved the registration of p2p platform LocalBitcoins, as became known recently. In order to get this license, the exchange had to provide all the necessary documentation:
- implementation of measures to combat money laundering;
- the existence of mechanisms to protect user assets;
- professional suitability of employees, as well as exchange managers;
- and of course, follow the “know your customer” (KYC) procedure.