LocalBitcoins Updates Terms of Service to Comply with New European Regulations

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In a move necessitated by new regulations on data protection, one of the most popular P2P crypto platforms is updating its terms of service. Headquartered in Helsinki, Finland, LocalBitcoins stated in a blog post that the move would increase transparency in how it provides its services and ensure that it’s compliant with the EU’s soon-to-be-enforced General Data Protection Regulation (GDPR). The new regulation will come into effect on May 25, and the platform has asked all its users to acquaint themselves with the new terms of service as well as the revised privacy policy by that date. ID To Be Required In Select Situations

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