(AMLD5) and LocalBitcoins.
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Thanks to a conversation that I held @crypto.piotr and then read the publication that he did on the subject (AMLD5) was that I found out that it existed, I decided to investigate further you can read the publication of Piotr here
In July 2018, the European Commission put into force the 5th Directive against money laundering (Directive 2018/843 of the European Union, also known as (AMLD5)) from that moment I enter a period of adaptation which entered in total effective as of January 10, 2020.
As it was announced (AMLD5) they started working applying regulations, together with LocalBitcoins, a startup launched in 2012 and located in Helsinki, Finland with a Commercial presence to facilitate online commercial exchange between Bitcoin individuals for local currency and Ethereum, XRP and Litecoin, in more than 7916 cities and 248 countries.
In this sense, Localbitcoins is taking the first steps to comply with what the (AMLD5) dictates
LocalBitcoins suspends accounts in several countries.
Since Wednesday, January 22, many users have received a notification with the information that their account was frozen, the LocalBitcoins exchange platform sent the notification to users in more than 20 countries worldwide, in Latin America the affected countries will be they find, Puerto Rico and Panama as well as in the Caribbean Islands like Trinidad and Tobago, and the Bahamas.
Notification Sent.
Hi!
Unfortunately, your account will remain suspended for now. Please kind and wait for the process of activation to be complete.
If you are not willing to wait for your account to be activated and would like to withdrawyour bitcoin, you can request account deletion here: http://localbitcoins.com/accounts/profile-edit/delete-account/
We are very sorry for the inconvenience!
Best regards
Localbitcoins
All countries and affected users must go through an “improved” identification process all this to comply with the application of (AMLD5), the new regulation introduces within its main changes the obligation to verify the identity of all users who make use of these virtual currencies.
This measure of restricting the operations of its users based on the location of their accounts directly affects the volume of transactions which, from that day on March 22, have fallen vertiginously.
In this first stage there were only 22 countries around the world but I am sure that this measure will continue to apply it to other countries.
You have a localbitcoin account, are you one of those affected?
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Well, I know that identification processes are necessary to combat money laundering and prosecute international criminals, but I am also concerned that an additional effect could be generated, where the old figure of the frontmen allowed the great criminals to continue washing and not They would actually be affected by this measure.
OK, but if they want to identify me, they should make normal taxation for cryptocurrencies. Actually, taxes are very high and I can't discount my losses from the gains. I want only the same taxation as stocks or bonds.
Do you need to pay taxes if you're not trading your tokens to FIAT @deathcross?
No. Crypto to crypto can be traded anonymously, only with an e-mail address as identification in many places.
Hi @deathcross
I assume he means with respect to the nightgowns they charge just for having the service?
Apoyado toptres del día @lanzjoseg
Dear @lanzjoseg
Thank you for learning more about AMLD5 and sharing your valuable knowledge with us. I never knew that LocalBitcoins was located in Finland. We're learning something every day :)
Luckily Poland isn't on that list.
ps. can you remind me how do you buy/sell STEEM in Venezuela?
Upvote on the way,
Yours, Piotr
Dear @crypto.piotr.
After talking to you, I kept investigating about it and what imposed me was the fact that in Latin America there is a country which I know very well, is cataloged for making many deals with terrorist organizations, drug traffickers, Hamas, Hezbollah, FARC, ELN, and CUBA, in that sense and handling the information that that country 1st in Latin America to carry out the greatest amount of exchanges with BTC, it is possible that at any time they apply some type of sanction for that country, It is unfortunate that because of governments In this case, citizens of a country pay for these mistakes.
AMLD5 is doing the work it has to do, they are currently preparing the next one (AMLD6).
The exchange pages are:
https://capybaraexchange.com
https://orinoco.io/#/
Yours, Lanzjoseg
Saludos.
Dear @lanzjoseg
Thank you for learning more about AMLD5 and sharing your valuable knowledge with us. I never knew that LocalBitcoins was located in Finland. We're learning something every day :)
Luckily Poland isn't on that list.
ps. can you remind me how do you buy/sell STEEM in Venezuela?
Upvote on the way,
Yours, Piotr
Mi aporte para el @topfivefamily desde @hojaraskita por:
Hello @lanzjoseg
That's very true, I have an account on localbitcoin since 2017.
Last year they asked for a lot of data to be updated in order to keep the account active. They gave you a heads-up. It's a pretty organized and easy to use platform. I use it often.
Hi @josevas217
Good for that, man.
I can give you my address so you can send something.
Internal transfers do not charge a commission.
HA-HA-HA