LocalBitcoins, a top-rated peer-to-peer trading platform, has suspended trading accounts from several African countries according to an email circulating the internet.
According to an email shared by a trader with a Kenyan blog, LocalBitcoins provided a list of countries affected by the account suspension.
The reason cited in the email claims that the European Union defines these countries as areas that require “an enhanced due diligence process.”
Countries mentioned in the email include Ethiopia, Botswana, Tunisia, Libya, Nigeria, and Ghana. Reports reaching us also indicate that some other African countries not stated on the list might have also been affected by the suspension.
Traders affected by the suspension can withdraw their funds or wait till their accounts are re-verified and activated.
Follow us on Twitter (@blocknewsafrica) to get the latest updates on the situations.
The post LocalBitcoins Suspends Accounts From Africa appeared first on BlockNewsAfrica.
TheBitcoinNews.com – Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored or guest posts, articles and PRs are NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
source: https://blocknewsafrica.com/localbitcoins-suspends-accounts-from-africa/
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some BAT
Send Tip now!