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The Vice President of the United States, Mike Pence, has selected a well-known libertarian and Bitcoin advocate, Mark Calabria, as his chief economist. Calabria is best known as the former director of financial regulation studies at the Cato Institute. He is also an outspoken advocate of free markets, housing reform and alternative currencies.
The measures applied by the People Bank of China’s (PBoC) on China's bitcoin exchanges has led traders to flock to alternative platforms. Bitcoin trading volumes on P2P exchange, LocalBitcoins reached an all-time high during the past month after two of the biggest Chinese bitcoin exchanges., OkCoin and Huobi, froze withdrawals for up to a month.
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