LocalBitcoins trades have surged in China amid fears of a regulatory crackdown similar to Venezuela.
During the week of Feb. 18th, trading on LocalBitcoins.com, a platform for peer-to-peer localized cryptocurrency trading, has grown exponentially. This increase is from about 6.6 mln yuan the week before to over 36 mln, an almost sixfold increase. This is a particularly noteworthy increase when compared with December’s average of under three mln and rarely over one mln a year ago.
Full story at http://bit.ly/2lLMDG1
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