Quote from: Crypto Carabao Group on Today at 02:57:48 AM

1. LocalBitcoins also started without KYC, until they built up liquidity and user database to turn over to governments upon request. Has LocalCryptos promised anywhere in writing that they will close rather than ever do that, considering they are under Australian laws, which are some of the most draconian crypto laws in the developed world?

but how does australia regulate non-custodial services?

i wouldn't believe any promises like that anyway. centralized services without KYC are never guaranteed to last. localcryptos can't freeze your funds in the meantime---that's what matters.

Quote from: Crypto Carabao Group on Today at 02:57:48 AM

2. It's really not non-custodial, because one has to send funds into the LC wallet to trade. How does giving the user the private key mitigate LC being hacked and the hackers also getting everyone's private keys there?

you're not sending funds to a centralized wallet operated by localcryptos. that is your own non-custodial wallet in the interface that you are funding. localcryptos is never a party to any transaction.