Legal

Summary

Our obligations to laws and regulators are set out in the documents linked below.

All clients using our service agree to the terms and conditions of use and become involved in the process of complying with payment rules and payment service requirements. We don't try to make these terms difficult to understand or opaque, but we strive to be open and provide the necessary support.

This is especially relevant at the intersection of traditional finance, digital currencies, and decentralized services, where we operate. We continually invest in researching rapidly evolving legislation and regulations in this area and do everything in our power to ensure our clients receive legal and compliant services.

For all questions regarding legislation and regulation in the field of payments and digital currencies please feel free to contact us at business@localbridge.com

Country Restrictions

Prohibited and controlled countries. We will not facilitate services for these jurisdictions, except for extraordinary situations or specially approved programs:

Cuba
Iran, Islamic Republic of
Myanmar
North Korea
Syria
Afghanistan
Albania
Algeria
Bangladesh
Belarus
Central African Republic
China
DRC
Eritrea
Ethiopia
Gaza Strip
Iraq
Kenya
Kosovo
Lebanon
Libya
Mali
Morocco
Nepal
Nicaragua
Niger
North Macedonia
Pakistan
Qatar
Russian Federation
Slovenia
Somalia
South Sudan
Sudan
Ukraine
Venezuela
West Bank
Yemen
Zimbabwe

Business Type Restrictions

High-Risk Activities (Must Be Disclosed)

The following business activities are considered high-risk and must be disclosed:

Money Services (check cashing, gift cards, ATMs, remittances)
Lending or Banking
Foreign Exchange, Virtual Currencies Brokerage, or OTC
Hold Client Funds (escrow)
Safe Deposit Box Rentals
Marijuana or Related Services
Tobacco or Nicotine Products
Pharmaceuticals
Third-Party Payment Processing
Adult Entertainment
Weapons, Firearms, and Explosives
Gambling

Prohibited Activities (Against ToS)

The following business activities are explicitly against the Terms of Service:

Unlawful or abusive activity
Fraud
Unlawful gambling
Intellectual property infringement
Check cashing
Bail bonds
Collections agencies
Counterfeit or unauthorized goods
Drugs and drug paraphernalia
Substances designed to mimic illegal drugs
Adult content and services
Multi-level marketing
Unfair, predatory or deceptive practices
Digital asset exchange
Undisclosed money services
Undisclosed money transmission
Precious metals/gems
Any business posing elevated financial risk or legal liability

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