LocalMonero, a prominent platform for peer-to-peer Monero trading, has announced its closure due to increasing regulatory scrutiny, especially on privacy-focused cryptocurrencies. This decision marks the end of nearly seven years of operation, reflecting broader challenges faced by privacy-centric services in the cryptocurrency space. The platform will stop accepting new registrations and trades, with a complete shutdown scheduled for later in the year. The closure has sparked discussions about the future of privacy in digital assets and the evolving regulatory landscape.
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