Announcement: LocalMonero and Agoradesk will be winding down its operations

[DarknetMarkets]

Shocking Announcement: LocalMonero and Agoradesk will be winding down its operations.

World's largest P2P XMR crypto exchange announces imminent closure.

After almost 7 years of operation, due to a combination of internal and external factors, we have made the difficult decision to close our platform.

We're extremely thankful for the love and support we've received over the years. We couldn't have done it without you. We love you all ♥

LocalMonero has been around for most of Monero's life. Fortunately, the Monero ecosystem has matured a lot over these years, and with the imminent launch of Haveno and other DEXs like Serai, atomic swaps, the coming addition of FCMP (full blockchain anonymity set replacing rings of 16) as well as the continuing and rapidly accelerating development of the Monero protocol, we're confident that Monero's future is bright, with or without our platform.

The winding-down process begins today, and finishes 6 months from now. Our support staff will be available for help throughout this period.

Effective immediately, all new signups and ad postings are disabled;
One week from now, on May 14th, 2024, new trades will be disabled as well;
6 months from now, on November 7th, 2024, the website will be taken down. Please reclaim any funds from your arbitration bond wallet prior to that date, otherwise the funds may be considered abandoned/forfeited.

Read rest:
https://monero.forex/localmonero-agoradesk-will-be-winding-down-its-operations/


What happens to XMR now?

[Charles-Tim]

Similar thread existing: LocalMonero/Agoradesk to be taken down

What happens to XMR now?

I guess these regulators easily get information from us on this forum sometimes. I am not posting anything but monero will continue to exist.

[ghostmanx]

Holy fucking shit, that sucks 

[Medusah]

What happens to XMR now?

Monero exchanges will need to transition to decentralized models, or I foresee their demise in the near future.  For Monero traders, there are two alternatives:

• Convert your XMR to BTC and sell it to Bisq.  You can't directly exchange XMR for anything else, so it might come expensive. 
• Wait until Haveno is ready for production.  It's a new DEX that is like Bisq, decentralized, but using Monero as the main currency.

[batang_bitcoin]

What happens to XMR now?

They have been cracking down on XMR and any services that are into privacy. I remember that they've been too active about it by asking local exchanges in South Korea to delist it and they obliged because they had no choice but to do that or else the business would be closed.

What happens to XMR now?

I guess these regulators easily get information from us on this forum sometimes. I am not posting anything but monero will continue to exist.

For sure that they do but they can't do anything with it, despite with all of these challenge they're giving to the community, it's true that monero won't cease to exist.

[jrrsparkles]

After all these years, now I am started to have thoughts such as government can really get a hold on the crypto currency and the first step is to eliminate the anonymity that is why they are targeting mixers, and privacy coins or any service that offers privacy to the users. Doesn't seem like a good thing but who knows how it's going to be in future.

[JeromeTash]

What happens to XMR now?

Nothing, probably.

Monero is still a very huge project with great potential now that most mixing services are getting shutdown. There are also a number of exchanges where Monero works (https://www.getmonero.org/community/merchants/) and I am sure someone is going to launch a good p2p exchange to fill up the void that is left behind by localmonero.