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๐Ÿ””Breaking News: LocalMonero, the peer-to-peer exchange for privacy coin Monero, is closing down! After nearly 7 years, the platform is bowing out due to a mix of internal and external factors. ๐Ÿ™ This move follows a trend of P2P crypto trading platforms, like LocalBitcoins and Paxful, shutting down due to regulatory challenges. ๐ŸŒฌ๏ธ LocalMonero was a unique platform, functioning like a Craigslist for Monero, allowing users to buy or sell XMR with limited identification requirements. It was a key player in the no-KYC Monero ecosystem. ๐Ÿ•ต๏ธโ€โ™‚๏ธ With LocalMonero's closure, Monero users are left with fewer fiat-to-crypto options. Alternatives include buying another cryptocurrency and swapping for XMR, or using less secure options like direct purchases from messaging apps. ๐Ÿ”„ Despite the challenges, the Monero network continues to prove the power and resilience of decentralized systems. ๐Ÿ’ช What do you think about this closure? How will it impact the Monero community? Let's discuss below! ๐Ÿ‘‡ #LocalMonero #Monero #CryptoNews

๐Ÿ””Breaking News: LocalMonero, the peer-to-peer exchange for privacy coin Monero, is closing down! After nearly 7 years, the platform is bowing out due to a mix of internal and external factors. ๐Ÿ™

This move follows a trend of P2P crypto trading platforms, like LocalBitcoins and Paxful, shutting down due to regulatory challenges. ๐ŸŒฌ๏ธ

LocalMonero was a unique platform, functioning like a Craigslist for Monero, allowing users to buy or sell XMR with limited identification requirements. It was a key player in the no-KYC Monero ecosystem. ๐Ÿ•ต๏ธโ€โ™‚๏ธ

With LocalMonero's closure, Monero users are left with fewer fiat-to-crypto options. Alternatives include buying another cryptocurrency and swapping for XMR, or using less secure options like direct purchases from messaging apps. ๐Ÿ”„

Despite the challenges, the Monero network continues to prove the power and resilience of decentralized systems. ๐Ÿ’ช

What do you think about this closure? How will it impact the Monero community? Let's discuss below! ๐Ÿ‘‡ #LocalMonero #Monero #CryptoNews

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๐Ÿš€Crypto world and Wall Street unite! They're urging President Biden to reconsider his plan to veto Congress' move to scrap a controversial SEC crypto policy.๐Ÿค SAB 121, the policy in question, demands banks treat digital assets differently, requiring them to be kept on a bank's balance sheet. Crypto companies and bankers argue this could hinder their business operations.๐Ÿฆ๐Ÿ’ผ In a rare show of unity, Wall Street banks, crypto companies and even members of Congress have penned letters to Biden, asking him to reverse his decision or at least work with the SEC to rescind the policy.๐Ÿ“ Biden's veto threat stems from concerns that erasing the rule could limit the SEC's ability to ensure appropriate safeguards for crypto-assets in the future.โš–๏ธ๐Ÿ”’ The clock is ticking, with Biden having until Monday to make a final decision. What do you think he'll do? Let's discuss below!โฐ๐Ÿ‘‡ #CryptoNews #SECPolicy
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