NoOnes to gradually halt operations after EU sanctions hit platform

NoOnes said it is gradually winding down operations after sanctions-related efforts to resolve the issue failed. The P2P cryptocurrency trading platform said sanctions cost it key partners, while blockchain monitoring firms classified NoOnes-related transactions as high risk, making normal platform operations increasingly difficult. NoOnes had previously been added to the EU’s sanctions list related to Russia. The business drawdown began on Aug. 17, and the P2P marketplace is scheduled to shut down at 11:59 p.m. UTC on Aug. 21. Services including swaps, fiat withdrawals, gift card sales and the Bitcoin Lightning Network are also being phased out, after which the platform will transition to supporting withdrawals only. NoOnes advised users to withdraw their assets by Aug. 23.