Russia’s New Law Threatens Internet Privacy as LocalBitcoins Volume Spikes
Recently the Russian State Duma adopted amendments to the law "On Information, Information Technologies and Information Security" that will enable Moscow to tighten its grip on the Internet. The Russian authorities claim that the Internet threatens state sovereignty since it is border-agnostic and, thus, attackers pose a risk to national security as they operate from abroad. Now, the new legislation is attempting to cordon off Russia’s Internet. It obliges companies to store personal data on Russian users on servers located in Russia only. Moreover, companies will have to report to....
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Localbitcoins saw a roughly 85 percent increase in global volume over the course of 2016, and the growth seen by this bitcoin trading platform was seen equally in both the developed and developing world—albeit for different reasons. While the need for increased privacy and the avoidance of Know Your Customer regulations is known to be the driving force....
Russia’s Administration for Telecom and Internet Roskomnadzor has blocked peer-to-peer local Bitcoin exchange LocalBitcoins. They have blacklisted the domain, and it is now inaccessible by Russian ISPs. However, Nikolaus Kangas, CEO of LocalBitcoins, thinks that this ban is only temporary and stays optimistic about the future of his company in Russia and Bitcoin in general. At the end of August, about 1.35 million users from 249 countries were registered at LocalBitcoins, where the weekly volume of transactions on the platform exceeded $14 million. It is possible to work around the block.....
The Roskomnador, Russia’s federal administrator of telecommunications and the internet has blocked access to prominent peer-to-peer bitcoin exchange platform LocalBitcoins. In a move that won’t come as a surprise to the cryptocurrency community, Russia’s telecom regulator has blocked access to popular over-the-counter and P2P bitcoin exchange platform LocalBitcoins. Roskomnadzor (Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications) has effectively blacklisted LocalBitcoins’ domain, rendering it inaccessible via Russian ISPs. A quick....
The process of purchasing bitcoins on a LocalBitcoins ATM will not require an Internet connection. It seems a few arrests in Florida are not going to slow down progress over at LocalBitcoins. LocalBitcoins ATMs are now in production, and users will soon be able to make local trades without having to find a human counterparty. Their ATMs will allow anyone to buy or sell bitcoins, and the most amazing feature of these new devices might be that they don't require an Internet connection to function. Instead of connecting with your phone, the LocalBitcoins ATM will give a user a redeemable code....
Unfortunately, these graphs are not improving Bitcoin adoption all that much. The emerging trend of Bitcoin adoption can be seen all over the world. LocalBitcoins volume set new records in nearly a dozen regions all over the world yet again. Consumers and investors flock to cryptocurrency as a safe haven asset, despite its volatility. An exciting future awaits for Bitcoin, even though the price has gone through a flash crash over the past few hours. Some regions will be more prone to Bitcoin disruption than others. Latin American countries, as well as African nations and Eastern Europe,....