LocalBitcoins stops working | CryptoNewsHerald.com

Popular P2P platform LocalBitcoins informed termination of user service.

Representatives of the company said that the reason for this decision was the protracted crypto winter.

“We encourage all customers to withdraw their funds from LocalBitcoins,” the platform announced.

Users will have 12 months for this procedure, but the company asks to complete the withdrawal as soon as possible.

From February 9, the platform will stop registering new users, from February 16 it will suspend trading and the ability to use wallets, except for the withdrawal of assets.

“After February 17, 2023, LocalBitcoins customers will only be able to log in to withdraw their bitcoins. From now on, trading and wallet services will no longer be available,” the service team added.

LocalBitcoins has been named one of the top three sending counterparties in the Bitzlato case.

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