{"id":10105,"date":"2024-01-24T19:42:51","date_gmt":"2024-01-24T17:42:51","guid":{"rendered":"https:\/\/forklog.com\/en\/localcoinswap-withdraws-from-russian-and-venezuelan-markets\/"},"modified":"2024-01-24T19:42:51","modified_gmt":"2024-01-24T17:42:51","slug":"localcoinswap-withdraws-from-russian-and-venezuelan-markets","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/localcoinswap-withdraws-from-russian-and-venezuelan-markets\/","title":{"rendered":"LocalCoinSwap Withdraws from Russian and Venezuelan Markets"},"content":{"rendered":"<p>On January 22, clients of the P2P platform LocalCoinSwap in Russia and Venezuela received letters announcing the company&#8217;s withdrawal from these jurisdictions. The information was <a href=\"https:\/\/t.me\/localcoinswap\/238263\">confirmed<\/a> in the official Telegram chat.<\/p>\n<p>The exchange attributed its decision to &#8220;recent changes in the regulatory sphere&#8221; in these regions.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"579\" height=\"1024\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image-5-4-579x1024.png\" alt=\"image-5-4\" class=\"wp-image-224632\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image-5-4-579x1024.png 579w, https:\/\/forklog.com\/wp-content\/uploads\/image-5-4-170x300.png 170w, https:\/\/forklog.com\/wp-content\/uploads\/image-5-4.png 648w\" sizes=\"auto, (max-width: 579px) 100vw, 579px\" \/><figcaption class=\"wp-element-caption\">Source: Screenshot of the letter.<\/figcaption><\/figure>\n<p>LocalCoinSwap announced a complete suspension of trading operations for users in these countries and provided them with 14 days to withdraw funds.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;After this period, access to the platform for users in your region will be blocked, and fund withdrawal will become more complicated,&#8221; the letter stated.<\/p>\n<\/blockquote>\n<p>However, representatives of the platform did not rule out the possibility of resuming services in Russia and Venezuela if &#8220;the situation changes.&#8221;<\/p>\n<p>In September 2023, the exchange Binance announced its exit from Russia. It transferred its business in the jurisdiction to the platform CommEX.<\/p>\n<p>The option to withdraw funds for Russian clients will be available until January 31, 2024. From the same date, Binance&#8217;s P2P platform will cease support for trading pairs with the Russian ruble.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 22, clients of the P2P platform LocalCoinSwap in Russia and Venezuela received letters announcing the company&#8217;s withdrawal from these jurisdictions. The information was confirmed in the official Telegram chat. The exchange attributed its decision to &#8220;recent changes in the regulatory sphere&#8221; in these regions. Source: Screenshot of the letter. LocalCoinSwap announced a complete [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1257,455,27,1240],"class_list":["post-10105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-currency-exchanges","tag-p2p","tag-russia","tag-venezuela-cryptocurrency-market"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10105"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10104"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}