Indonesia Bitcoin traders have fled cryptocurrency exchanges to Localbitcoins in the week the government enacted anti-money laundering regulations for the industry. Volume Up 300 Percent In A Week Data from Coin Dance, which tracks weekly Localbitcoins volumes in various markets, confirms a huge spike for the seven days ending February 16. Localbitcoins functions on a P2P basis with users creating and accepting private sales of Bitcoin for fiat currency and vice versa. According to theRead MoreThe post Indonesia Follows Venezuela With Giant Localbitcoins Bitcoin Trading Surge appeared first on Bitcoinist.com.
