LocalBitcoins P2P exchange banned Traders of Iran

The most popular peer to peer (p2p) cryptocurrency exchange LocalBitcoins banned the traders living in Iran country from using their trading services reported from their website on 24 May 2019.

The U.S. imposed sanctions against Iran makes the major cryptocurrency exchanges to stop their services in Iran country.

Not only LocalBitcoins is one that stopped their trading services in Iran but also Binance and Coinbase exchanges banned users of Iran already from using their trading services.

LocalBitcoins and some other cryptocurrency exchanges banned the bitcoin and other cryptocurrencies trading in Iran, but the traders of Iran are still able to do P2P trading within the country through decentralized exchanges like BISQ.

Currently, Iranian users are able to withdraw their funds from the localbitcoins exchange but they are unable to do any trade there.

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