We're updating our Terms of Service: custodial wallets, stronger security, and continued compliance
We're updating our Terms of Service on 1 July 2026: custodial wallets through our MiCA-compliant partner Bridge, plus Travel Rule data handling and Strong Customer Authentication.
On 1 July 2026, we're rolling out an updated version of our Terms of Service. These changes support new functionality for our clients and reinforce how we operate: securely, transparently, and in line with the regulations that govern crypto and payments. Here's a plain-language summary of what's new.
Custodial wallets, through a regulated partner
We're introducing access to custodial wallets, opened and managed by our regulated partner Bridge, which holds the assets as custodian. Localbridge stays exactly what it has always been, a technical bridge between fiat and stablecoins, and never takes custody of your funds itself. For now, custodial wallets are available to eligible clients in the markets we serve, with the exception of clients resident in the EEA, which we plan to address separately.
Built on a MiCA-compliant foundation
Bridge complies with the EU's Markets in Crypto-Assets Regulation (MiCA), whose framework applies from 1 July 2026. Working through a MiCA-compliant partner gives our clients a more durable, regulation-ready foundation for moving money.
Travel Rule: standard data, handled responsibly
Like every compliant provider, we and Bridge collect and share basic identifying information about the sender and recipient of a transfer when the law requires it, the so-called "Travel Rule." We only collect what's necessary, and we share it only with regulated counterparties and authorities to meet these obligations.
Stronger security with SCA
We've implemented Strong Customer Authentication (SCA), verifying your identity with at least two independent factors when you sign in and authorize key actions. It's a meaningful upgrade in protecting your account and your transactions.
What you should do
Take a moment to review the updated Terms at localbridge.com/terms, and make sure your authentication is set up. There's nothing else you need to do. Continued use of Localbridge on or after 1 July 2026 means you accept the updated Terms.
Questions? Reach us anytime at business@localbridge.com.
FAQ
When do the updated Terms take effect? The updated Terms of Service take effect on 1 July 2026. Continued use of Localbridge on or after that date means you accept them.
Does Localbridge hold my funds now? No. Custodial wallets are opened and managed by our regulated partner Bridge, which holds the assets as custodian. Localbridge remains a technical bridge between fiat and stablecoins and never takes custody of your funds itself.
Who can use the custodial wallets? They're available to eligible clients in the markets we serve, with the exception of clients resident in the EEA, which we plan to address separately.
What is the Travel Rule? It's a regulatory requirement to collect and share basic identifying information about the sender and recipient of a transfer. We collect only what's necessary and share it only with regulated counterparties and authorities.
What is Strong Customer Authentication (SCA)? SCA verifies your identity with at least two independent factors when you sign in and authorize key actions, an added layer of protection for your account and transactions.