Bitwala Launches Mobile App for Bitcoin Banking

Bitwala, a blockchain banking service based in Germany, has launched a mobile application that lets users open a German bank account with an integrated bitcoin wallet on their smartphones. “Berlin-based Bitwala enables customers in more than 30 European countries to buy, sell, and store bitcoin,” according to a press release shared with Bitcoin Magazine. “The…

LocalBitcoins’ New KYC Rules Raise Privacy Concerns

Beginning September 1, 2019, legacy peer-to-peer bitcoin exchange LocalBitcoins will extend its know-your-customer/anti-money laundering (KYC/AML) requirements and, as a consequence, limit user ability to retain privacy. According to an official blog post published on June 18, 2019, the exchange has teamed up with identity verification technology provider Onfido, and a new account tier system will…

A Conversation With Crypto.com and Salt Lending

Bitcoin Magazine Bitcoin Magazine’s articles are written by a paid staff of full-time, part-time and freelance journalists with a passion for Bitcoin. Our writers adhere to a strict code of journalistic standards and ethics, and do not accept payment from third-party sources for coverage. Bitcoin Magazine also accepts articles from guest contributors from the Bitcoin…