11 Mar '17, 8pm

Bitcoin

Bitcoin

Facebook, Twitter, the New York Times and…Localbitcoins. In China, they’re all inaccessible behind the ‘great firewall’, which refers to internet censorship in the so-called ‘red dragon’. Since the introduction of revamped regulatory measures by most Chinese Bitcoin exchanges, bitcoin trading seems to have, at least in part, shifted to over the counter markets; in particularly, Localbitcoins. Chinese bitcoin exchanges introduced new ‘know your customer’ measures and suspended withdrawals indefinitely last month ahead of new People’s Bank of China (PBoC) guidelines . This has seemingly led to increased volume on over-the-counter markets like Localbitcoins , which facilitates trades in local currency across the globe. Also Read: Bitcoin Transaction Volumes Playing Increased Role Amid China Shakeup Increasing Bitcoin Volume on Localbitcoins in China Bitcoin analytics website ...

Full article: https://news.bitcoin.com/not-even-great-firewall-can-stop...

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