Cointelegraph - LocalMonero, a key platform for privacy coin Monero, is shutting down despite its team's belief in a bright future for Monero, adding to concerns about a wider crackdown on crypto privacy

in blockchain •  8 months ago 

https://cointelegraph.com/news/local-monero-exchange-shuts-down-crypto-privacy-services-dwindle
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LocalMonero, a peer-to-peer trading platform for privacy coin Monero, is shutting down after 7 years. The platform cites internal and external factors but doesn't elaborate.

This closure follows a trend of increased scrutiny on privacy coins by regulators, with recent actions against other privacy services and exchanges.

Some see this as a war on privacy in crypto, while others believe regulators are aiming to catch bad actors, not eliminate privacy entirely.

What do you think?

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blockchain horror down localmonero privacy monero crackdown crypto
8 months ago by

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      ·  8 months ago 

    Upvoted! Thank you for supporting witness @jswit.

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