Post
Topic
Board Exchanges
Re: Paxful is shutting down
by
dollarday
on 04/04/2023, 22:53:44 UTC
Sadly, this feels like the banks and big government will move in to further regulate the buying and selling of bitcoin.

Both Localbitcoin and Paxful presented a ton of anonymous yet safe options to buy bitcoin, from prepaid credit cards, to gift cards, to western union and moneygram transfers. It seems for western-based traders only bitcoin atms and exchanges that are fall under KYC rules will be available to buy and sell bitcoin.

Does this kill off in person trades in the US. Will another centralize place with a trusted escrow and review system rise to take it's place? Or will we have to only depened on exchanges that can shut down and run off with customer's funds?