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LocalHands P2P Unlicensed peer-to-peer broker

cluster localhands · Myanmar · 2 known address(es) · BTC, ETH
Intrinsic severity5of 10
Default bandmedium
Attributionmoderate0.75 confidence
On-chain partyoperator

Attribution quality

Levelmoderate
Sourcesynthetic
Basiscorroborated open-source intelligence

Operator versus beneficiary

Custody modelbrokered
On-chain partyoperator
Beneficiary on-chain no

A broker moves value on behalf of counterparties it introduces. The beneficiary is a trading counterparty, not the broker.

Known addresses

3DJoj48yiVpXfxqn...0x2bdc25d6712efd...

Service risk profile

AML posture75of 100, adequate
KYC strictnessnone no threshold
LicenceunlicensedMiCA not authorised
Jurisdiction risk8of 10

Controls are present but leave gaps worth noting in a case.

Regulatory file

Legal nameLocalHands P2P
Founded2017
Incorporated inMyanmar (MM)
Operational hubsCH, MM, US
Regulatorno identified regulator
Licence referencenone
Licence evidencenone
FATF grey listyes
Offshore secrecyno

Controls

Custody modelnon custodial
KYC rigournone
Transaction monitoringabsent
Sanctions screeningno
Travel Ruleabsent
Source-of-funds checksno

Posture deductions

FindingPoints
Incorporated in a high-risk jurisdiction-15
Incorporated in a FATF grey-listed jurisdiction-10

Customer-facing controls are not scored for a non-custodial protocol, which holds no customer funds and onboards no users.