Saturday, December 10, 2022
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Exchange LocalBitcoins stops working with Russians

The LocalBitcoins exchange sent a notice to Russian users about the termination of service. They are offered to withdraw their funds, after which access to wallets will be closed.

Representatives of LocalBitcoins explained their step with new European sanctions. An exception is made only for persons with dual citizenship of the European Economic Area (EEA) and Switzerland or residents with permission from these jurisdictions.

The LocalBitcoins exchange allows you to buy and sell bitcoins, while transactions are made directly between clients, and the company controls the execution of transactions.

Despite the imposed sanctions, many exchanges continue to work as usual, including with Russian users. Among them are Binance, Huobi and Whitebit.

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