that, effective immediately, all new signups and advertisement postings for Monero trades are disabled. On May 14, the platform will disable the trading of the privacy-focused crypto asset.
The firm cited “a combination of internal and external factors” but did not reveal the specific reasons for its closure. It added that on Nov. 7, the website will be taken down and advised users to reclaim any funds from their wallet prior to that date, otherwise, they may be considered abandoned. The P2P Monero trading platform, which was launched in 2017 as the XMR equivalent of LocalBitcoins, acknowledged that the Monero ecosystem has matured a lot over the years.privacy update called Full-Chain Membership Proofs , gives them confidence that Monero’s future is bright, “with or without our platform.”Privacy Advocate “Seth For Privacy,” said it was an “incredibly sad day,” in a post on X on May 7.
Privacy coins and services have been targeted in recent months by global finance regulators. In April, the co-founders of crypto mixer Samourai Wallet were“Their concern is the potential problems around impeding their ability to catch bad actors,” he said at the time referring to agencies such as the FBI.Ethereum price lags due to ‘weaker capital rotation,’ but crypto macro uptrend remains
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