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China’s LocalBitcoins Platform Set an Unprecedented Trading Volume
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China’s LocalBitcoins Platform Set an Unprecedented Trading Volume
Bitcoin and cryptocurrency exchanges have always been irregular in China, especially when it comes to LocalBitcoin. Every now and then the volume changes. Last week the nation set a new all-time trading volume record on the LocalBitcoins platform . This shows that the demand for Bitcoin ceases to slow down in China. Furthermore, this shows that issuing a permanent ban on Bitcoin will never be in China’s interest.
Exchange of cryptocurrency in China for most customers is still a problem. China believes that they need to have a centralized intermediary which contradicts Bitcoins purpose as an unregulated, decentralized currency. After all, the centralized platforms can be targeted by the governments and financial institution.
https://coinidol.com/china-localbitcoins-trading-volume/
Exchange of cryptocurrency in China for most customers is still a problem. China believes that they need to have a centralized intermediary which contradicts Bitcoins purpose as an unregulated, decentralized currency. After all, the centralized platforms can be targeted by the governments and financial institution.
https://coinidol.com/china-localbitcoins-trading-volume/
Vladdirescu- Posts : 721
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