This thesis takes a multidisciplinary approach to understanding the characteristics of Location Based Services (LBS) and the protection of location information in these transactions. This thesis reviews the state of the art and theoretical approaches in Regulations, Geographic Information Science, and Computer Science. Motivated by the importance of location privacy in the current age of mobile devices, this thesis argues that failure to ensure privacy protection under this context is a violation to human rights and poses a detriment to the freedom of users as individuals. Since location information has unique characteristics, existing methods for protecting other type of information are not suitable for geographical transactions. This thesis demonstrates methods that safeguard location information in location based services and that enable geospatial analysis. Through a taxonomy, the characteristics of LBS and privacy techniques are examined and contrasted. Moreover, mechanisms for privacy protection in LBS are presented and the resulting data is tested with different geospatial analysis tools to verify the possibility of conducting these analyses even with protected location information. By discussing the results and conclusions of these studies, this thesis provides an agenda for the understanding of obfuscated geospatial data usability and the feasibility to implement the proposed mechanisms in privacy concerning LBS, as well as for releasing crowdsourced geographic information to third-parties.