LocalBitcoins Service Halt in Germany

LocalBitcoins Service Halt in Germany

New details have emerged from the LocalBitcoins management team following its announcement this week that it would abruptly halt services in Germany.

The peer-to-peer bitcoin marketplace is one of the older and more popular bitcoin startups, having launched in July 2012, though its users have faced legal troubles in some jurisdictions. Adding fuel to speculation was the original announcement from LocalBitcoins that it would shutdown its services due to “regulatory reasons”.