Quite weird that LocalBitcoins is only the one that's banned and not bitcoin itself. Hence I'm also leaning to the US-Iran controversy like said on the article. Though I'm not sure why only LocalBitcoins is banned, but I guess LocalBitcoins is just one of those few exchanges that allows trading on Iranian residents.

Look at the bright side. At least it's not bitcoin that's banned I guess?

I don't think government officials care much if it's "fair" to everyone or not.

With the limited number of actual avenues in Iran to which a bitcoin user can trade his bitcoins for cash, I can say that the ban of LocalBitcoins is somewhat already a hard blow. Well from the looks of it, it seems like this is just another one of the crazy tricks the US can look pull off to pin Iran on the wall pretty hard. Perhaps it is time for the Iranians to create their own exchange and figure out things from there.


Pretty sure it's more than that.

Are there no other options for Iranians other than LocalBitcoins? I guess there will be at least one local crypto exchange operating within that country. And this is a good opportunity for them to launch their own local crypto exchange, in case they don't have one yet. They are not banning bitcoin only the service of LocalBitcoins. So I guess, it is still good to go for crypto users in that country.

Most countries only see the negative effect of crypto trading so they're banning and prohibiting the use of some exchanges and platforms.
Iranians must know how to access and use other exchanges except for Localbitcoins. They could also use a p2p platform for trade and purchase coins.

I think the goverment of iran have a plan this banned decesion for localbitcoin or its either they have a plan to regulate it to collect taxes fron local users. I think the reason why bitcoin itself not affected for the localbitcoin banning it because its diffucult to regulate it cintrol knowing bitcoin is use internationally.

This is my thoughts exactly but terrorists in Iran have been moving out funds illegally for ages and if it was to be a ban because of its illegally use to move out funds, shouldn't the ban be from the Iranian government directly?

I stopped selling bitcoins on LocalBitcoins a long time ago because I didn't want to become a martyr.

You got it backward this time. Iran is not banning Bitcoin, LBC just decided to close the doors.



Stop double posting dude.

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I believe Iranian users can take care of themselves. They can use other exchange or trade it here. It's not like this is the first time they face a difficult situation, and unless you certainly know how to help them, it's better to stop speculating.

that is why centralization could never work in bitcoin (decentralized) world. things look P2P on localbitcoins but they are centralized which is why "bans" like this can happen. unfortunately that has been a problem in bitcoin ecosystem for ages and although mitigation exists with decentralized exchanges, they are not that popular.

i didn't know Localbitcoins had such a high volume though! alternatives exist and there are cases which offer much better rates, i personally never find Localbitcoins rates any good which is why i have never used it before. i prefer true P2P trades when it comes to exchanging bitcoin with fiat.

The business decided to pull out and nothing can be done with that, pressures are surely the thing that encourage this company to shut down their supports/services from this country, known issues might be the case and businessman don't want to be trapped behind and compromised
its name.

Anyway, there's still some channels/venues that they can continue the trade, it's only LocalBitcoins, crypto trades always knows how to find ways.