On May 7, LocalMonero, Monero's P2P trading platform, announced an immediate ban on all new registrations and advertising postings for Monero transactions. On May 14, the platform will ban trading in privacy-focused crypto assets. The company called it a "combination of internal and external factors," but did not disclose the specific reason for the closure. It added that on November 7, the site will be shut down and advised users to withdraw all funds from their wallets by that date, otherwise, they may be considered to have given up.
The team added that the upcoming launch of decentralized exchanges such as Haveno and Serai, as well as the recently announced privacy update called Full Chain Proof of Membership (FCMP), have convinced them that the future of Monero is bright.
LocalMonero has announced a ban on all new registrations and advertising for Monero transactions
2024-05-08 03:54:57
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