Hong Kong Is Paying Higher Prices for Bitcoin Amid Political Unrest

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Higher prices on LocalBitcoins coincide with political uncertainty in a move copied in Argentina. Bitcoin (BTC) has begun trading at a premium in Hong Kong as continued political uncertainty produces a widely-reported spike in demand. Copycat moves underline fiat distrustData from P2P Bitcoin exchange LocalBitcoins showed traders paying around $300 more per coin than elsewhere on Aug. 14, which translates into a premium of around 2%.Hong Kong is the latest jurisdiction to see investors stump up a higher implied USD price for the cryptocurrency, with Argentina notably in a similar situation this week.As Cointelegraph reported, the premium there, which at one…
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Hong Kong Is Paying Higher Prices for Bitcoin Amid Political Unrest

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