Post
Topic
Board Bitcoin Discussion
Re: Rip localbitcoins.com
by
Baofeng
on 06/05/2023, 21:40:47 UTC
I have never used this platform before and I don't know how they work.
What was the main reason of their closure after 10 years of service, there are several platform that have also lasted enough and closing their operation shows what?
Incapability or what?

If you are not aware of:



https://localbitcoins.com/service_closure/

So according to them, it's because of crypto-winter, however, they were also cited by the US Treasury Department as one of the operators that traded with Bizlato which is accused of money laundering by US. So the pressure mounted on them, with the market situation + regulatory pressure.