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?
Please read the posts that were made in this thread before you made your own post, the reason for their closure has already been posted, i also posted links to other threads where Localbitcoins closure has been discussed before, and in those threads too you can read the reason why they closed. Incapability to do what?
I've heard rumors that they were having issues with authorities, perhaps they were forced to close?
They couldn't have had issues with the authorities once they began to request for kyc, maybe before then. Localbitcoins weren't forced to close down, there was no longer enough trading volume for them to continue, and that is because their customers left them for better alternatives that are actually p2p.