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.
It would appear that on planet crypto, ICOs are currently the flavor of the month, perhaps also of the season. With each passing day, a new ICO is announced and they have now become ubiquitous across all forms of media. Coinidol writers, for example, receive information on at least one new ICO every day.
From the founder of Huiyin Blockchain Venture comes the latest innovation in the cryptocurrency ecosystem - Exchange Union Coin [XUC] - a cross-exchange trading token to improve functionality, efficiency and standards of customer service for the digital currency community. XUC bridges digital currency exchanges around the world to realize investors’ cross-exchange trading, cross-exchange clearing, deposit and withdrawal among different digital currencies and assets.
A Chinese Congresswoman’s suggestion that the Central bank of China regulate Bitcoin trading pushed CoinIdol.com to talk about the problem of Bitcoin AML with experts in different countries around the world.