Cryptocurrency Q&A
Is Monero shutting down?
Is Monero shutting down?
KpopStarlet
Thu Jun 13 2024
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7 answers
1517
Is there any official announcement or reliable source indicating that Monero is shutting down? Have the developers of Monero released any statement about the shutdown? Are there any technical issues or regulatory pressures that might lead to the closure of Monero? Is the community around Monero aware of any such plans? Could the shutdown be temporary, or is it permanent? How will this potential shutdown affect the cryptocurrency market and investors? Is there any alternative to Monero in case it shuts down?
7 answers
Sara
Sat Jun 15 2024
AgoraDesk's statement indicated that the entire LocalMonero website will be dismantled in the next six months, leaving users with limited time to make necessary arrangements.
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CryptoPioneer
Sat Jun 15 2024
The shutdown of LocalMonero is likely to have ripple effects in the cryptocurrency ecosystem, given its role as a platform for Monero trading.
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Emanuele
Sat Jun 15 2024
On May 14th, the trading functionalities of LocalMonero were officially deactivated, marking a significant milestone in the cryptocurrency community.
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SakuraFestival
Sat Jun 15 2024
Monero is a privacy-focused cryptocurrency, and LocalMonero had been a popular marketplace for buying and selling it.
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BonsaiStrength
Sat Jun 15 2024
However, with the shutdown of LocalMonero, users will need to find alternative platforms to continue their Monero trading activities.
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