Exclusive P2P Trading Platform LocalMonero Bids Farewell Amid Regulatory Heat

LocalMonero, the largest Monero (XMR) peer-to-peer (P2P) trading platform, announced its closure on May 7. This also marked the end of its nearly seven-year run in the crypto space. The closure is set against a backdrop of increasing scrutiny and regulatory actions targeting privacy-focused cryptocurrencies and platforms in the United States. Indeed, these regulatory enforcements…