Monero trading platform LocalMonero is hanging up its hat, citing internal and external factors amid a broader regulatory crackdown on privacy-focused cryptocurrencies.
LocalMonero Shuts Down Operations
LocalMonero, a significant peer-to-peer trading platform for the privacy-focused cryptocurrency Monero, has announced the closure of its operations. The platform, in operation for nearly seven years, communicated this decision through an announcement on its website, dated May 7.
The announcement urged its users to reclaim any funds from their wallets before May 7 to avoid potential loss, as unclaimed funds might be considered abandoned. Effective immediately, all new signups and advertisement postings for Monero trades are disabled.
Additionally, Monero trading will be disabled on May 14, prompting users to finalize or cancel all trades before that date.
Privacy Coins Under Attack?
The closure announcement stated,
“After almost 7 years of operation, due to a combina
We współpracy z: https://cryptodaily.co.uk/2024/05/goodbye-localmonero-p2p-trading-platform-bows-out-after-seven-years
