Bitcoin Trading Volume Surges in Indonesia After Country Officially Recognizes Crypto as Commodities

Bitcoin Trading Volume Surges in Indonesia After Country Officially Recognizes Crypto as Commodities

Bitcoin trading volume has more than doubled in Indonesia on peer-to-peer crypto trading platform LocalBitcoins, from 222 Bitcoin worth roughly $.8 million for the week ended February, up from 102 Bitcoin. The record-breaking volume coincides with the country’s new legal framework for cryptocurrencies, which legalize cryptocurrency exchanges and classify Bitcoin, Ethereum and altcoins as commodities. […]

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