LocalBitcoins.com Gets Swiss Bank Account Frozen, Unfrozen Due to SEPA Transfer
Regulation and security is a major issue that enterprising people in the Bitcoin economy have to deal with on a day-to-day basis. Localbitcoins, is a Finland-based marketplace for connecting people to buy and sell the currency. Recently, the site experienced an event that is an example where banking authorities have shown their authority with concern to Bitcoins. In a blog post, Localbitcoin's Andrei Zillo relayed the story of his company's Swiss bank account being frozen by authorities there because of a large Bitcoin transaction. A customer that Localbitcoins had done business with in....
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