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Local Bitcoins Removes Cash-for-Crypto Trading Option

Helsinki-based peer-to-peer exchange LocalBitcoins has reportedly removed the option allowing users to buy or sell cryptocurrencies in person for cash.

In a Reddit post Sunday, a LocalBitcoins user pointed out the option was no longer available on the platform, though commenters some suggested the restriction might be limited to the U.S..

The removal of the option – which basically acts as a matchmaker for users to make trades in person – effectively bars LocalBitcoin users from selling and buying bitcoin for cash. LocalBitcoins has also cancelled pending fiat trades, other comments suggest.

The platform has not yet made an official announcement about the change on its blog or Twitter.

In response to the move, LocalEthereum announced has temporarily removed the trading fee on cash-in-person exchanges – effective June 1 to July 1.

LocalBitcoins’ move comes after the company announced in February that it would comply with the European Union’s (EU) new anti-money laundering directive.

Several other P2P cryptocurrency trading platforms still offer an in-person cash option.

Handing over dollars image via Shutterstock

Source: Pivot – Blockchain Community

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US Payment Giant Visa Seeks Crypto and Blockchain Talent for Tech Product Manager

American payment services firm Visa has published a crypto and blockchain-related job opening on San Francisco-based recruiting software firm SmartRecruiters on March 6. Global financial services corporation Visa is seeking blockchain talent for the position of Technical Product Manager at Visa Fintech in their Palo Alto office. The person will be responsible for the execution of Visa’s product strategy within a cryptocurrency ecosystem, and will be required to manage the roadmap for crypto-related opportunities. According to the job description, the person should be possess a functional knowledge of the crypto industry and major players involved, as well as in-depth knowledge of distributed ledger technology and a deep understanding of existing retail payment solutions……

Source: US Payment Giant Visa Seeks Crypto and Blockchain Talent for Tech Product Manager

Argentina and Paraguay Settle Export Deal in Bitcoin in Landmark Event

Paraguay has reportedly recently paid for an Argentinian shipment worth little over $7,000 in bitcoin, the flagship cryptocurrency, in an apparent first for both countries. The deal was made as part of new program incentivizing small shipments. According to Cointelegraph en Español, Argentina sold Paraguay pesticides and fumigation products, and paid for the products in BTC, which was then converted to Argentina’s fiat currency, the peso, to pay the agricultural chemicals’ exporter.

Source: https://www.cryptoglobe.com/latest/2019/02/argentina-and-paraguay-settle-export-deal-in-bitcoin-in-landmark-event/

Crimean Blockchain Association to Offer Courses to Experts Affected By Economic Sanctions – Omar Faridi

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The Crimean Republican Association of Blockchain Investment Technologies (Krabit) is reportedly planning to offer educational courses – which may be integrated into a standard university curriculum. The blockchain-focused association will be working with several lecturers (some of whom are currently part of its faculty) in order to design and deliver the courses on distributed ledger technology (DLT). Specifically, the courses are being offered to learners from jurisdictions that have been subjected to severe internationally imposed political and economic sanctions…………

Read more: https://www.cryptoglobe.com/latest/2018/11/leading-crimean-blockchain-association-to-offer-educational-courses-to-experts-affected-by-economic-sanctions/

 

 

 

 

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