LocalMonero/Agoradesk to be taken down - page 2.

NotATether

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Quote from: Don Pedro Dinero on May 07, 2024, 11:44:02 PM

Quote from: NotATether on May 07, 2024, 11:07:51 PM

Why?

They're not even US based so that have no obligation to report to the IRS or DOJ.

This is just FUD at its finest..

Do you think legislation in other countries will differ much from that in the USA? If they are not the same today, they will be in the future. Even casinos, which are licensed in tax havens like Curaçao, i.e. not US based, have anti money laundering and KYC requirements.

In the EU, this kind of inter-cryptocurrency exchanging is completely fine, since there's no on or off ramps involved.

Don Pedro Dinero

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Fucking hell! I wonder if there's going to be any large service left that offers privacy in a couple of years or so.

Quote from: Medusah on May 07, 2024, 04:38:26 PM

Perhaps authorities are sending a message.

Perhaps? I think it's pretty clear.

Quote from: NotATether on May 07, 2024, 11:07:51 PM

Why?

They're not even US based so that have no obligation to report to the IRS or DOJ.

This is just FUD at its finest..

Do you think legislation in other countries will differ much from that in the USA? If they are not the same today, they will be in the future. Even casinos, which are licensed in tax havens like Curaçao, i.e. not US based, have anti money laundering and KYC requirements.

Solosanz

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Sad to see one of trustworthy No KYC P2P ended their business, but we should expect there will be a new site comes up and start to build the reputation from zero. It's better for the sites to shutdown their operations rather than enforce KYC requirements just like centralized exchanges.

Quote from: Bitcoin_Arena on May 07, 2024, 06:13:58 PM

So who next? HodlHodl? Localcoinswap?

Anything that listed on kycnot.me except Bisq.

NotATether

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Quote from: KingsDen on May 07, 2024, 05:00:27 PM

I'm surprised they are not taken my surprise.

Why?

They're not even US based so that have no obligation to report to the IRS or DOJ.

This is just FUD at its finest.

On the flip side, with the new IRS taxing rules, I would not be surprised if we finally see "the third wave of private exchanges".

tabas

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Top Crypto Casino

No longer surprising, all of the services that have intend to increase someone's privacy are going to be scrutinized and taken down by the regulators. That's the message that they're showing to us and no matter how we're all likely wanting to have a better form of privacy and anonymize our movements on the web together with our transactions, it's very simple to them as they can take down all of it, all at once or one by one, there's no escape.

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

They have ended business similarly like localcryptos. Given that they were not asking users for KYC verification, I think they just decided to shut down rather than enforce KYC verification on its users, just like LocalBitcoins did.
It's more like a "F##K you" to the regulators.

So who next? HodlHodl? Localcoinswap?

Quote from: Charles-Tim on May 07, 2024, 05:44:54 PM

Also Agoradesk and Localmonero which are decentralized exchanges are closing down and no reason stated. It is easy to understand that this is about regulations.

They have never been decentralized.

Medusah

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Quote from: KingsDen on May 07, 2024, 05:00:27 PM

Rip privacy, let's be hopeful that there will be survivors at the end of this crackdown.

Instead of praying and hoping, let's focus on practical action by writing code. Decentralized protocols such as Bisq appear to be impervious to disruption. Let's direct our efforts towards enhancing these.

Quote from: dkbit98 on May 07, 2024, 05:07:16 PM

Days of old trading platforms might be in the end stages, but I believe that smart devs can win in this cat & mouse game.

I doubt that there will be any non-KYC, non-darknet exchanges based in the Western countries by the end of this decade. Governments have recently begun cracking down on privacy services, and I don't think we can confront them by creating more of these services. We need to change strategy. Decentralization is how we started, it is tested, and it's the path we should continue to follow.

Quote from: Charles-Tim on May 07, 2024, 05:44:54 PM

Also Agoradesk and Localmonero which are decentralized exchanges are closing down and no reason stated.

They are not decentralized. They are only peer-to-peer.

Charles-Tim

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I think they are giving these privacy sites choices. That they can just close down without any issue as early as possible or their site will be taken down and they will be arrested. We can see three mixers that recently closed down and the three of them did not state the reason. Also Agoradesk and Localmonero which are ~~decentralized~~ no-KYC exchanges are closing down and no reason stated. It is easy to understand that this is about regulations.

dkbit98

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Quote from: Medusah on May 07, 2024, 04:38:26 PM

It is sad to see another platform known to uphold privacy standards, announcing its closure. I can't help but notice the timing coinciding with the arrest of Samourai developers, the shutdown of Wasabi's central coordinator, and the escalation of Tornado Cash's case by the DoJ. It raises suspicions of something amiss. Perhaps authorities are sending a message.

I am not surprised by this news, but I am sad about it. Sad

Agoradesk was active in bitcointalk forum, they even had signature campaign not long ago, but things change so quickly, and I hope they will continue working on something new.
Good thing is that Agoradesk gave several months to all their customers to move accounts on time and still continue trading for few more days.
Days of old trading platforms might be in the end stages, but I believe that smart devs can win in this cat & mouse game.

KingsDen

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Goodnight, o_e_l_e_o 🌹

Quote from: Medusah on May 07, 2024, 04:38:26 PM

It is sad to see another platform known to uphold privacy standards, announcing its closure. I can't help but notice the timing coinciding with the arrest of Samourai developers, the shutdown of Wasabi's central coordinator, and the escalation of Tornado Cash's case by the DoJ. It raises suspicions of something amiss. Perhaps authorities are sending a message.

I'm surprised they are not taken my surprise. Who knows the pressure they have been getting in background. Maybe they finally decided to give up and comply with the government amicably. Rip privacy, let's be hopeful that there will be survivors at the end of this crackdown.

Medusah

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The popular exchange used to trade Monero will be taken down completely by November 2024:

Quote from: https://localmonero.co/

LocalMonero will be winding down
The winding down process begins May 7th, 2024, and finishes on November 7th, 2024. Our support staff will be available for help throughout this period.

1. Effective immediately, all new signups and ad postings are disabled;
2. On May 14th, 2024, new trades will be disabled as well;
3. On November 7th, 2024, the website will be taken down. Please reclaim any funds from your arbitration bond wallet prior to that date, otherwise the funds may be considered abandoned/forfeited.

You can read more about it in here: https://agoradesk.com/blog/announcements/winding-down.

It is sad to see another platform known to uphold privacy standards, announcing its closure. I can't help but notice the timing coinciding with the arrest of Samourai developers, the shutdown of Wasabi's central coordinator, and the escalation of Tornado Cash's case by the DoJ. It raises suspicions of something amiss. Perhaps authorities are sending a message.

Topic: LocalMonero/Agoradesk to be taken down - page 2. (Read 417 times)