China ’s booming bitcoin industry places it above China as the third -largest cryptocurrency user in the world, according to CryptoCoinsNews and CryptoCoinsNews . The country's daily trading volume recently reached 15,408 bitcoins ( $58m ), representing an overall market share of 5.55% , compared to China ’s 5.55% . Yen and South Korea dollar volumes led the market by a significant margin. They will punish initial coin offering (ICO) that raises funds in the form of stock issuance using digital currencies permitted in some countries, including Switzerland, for violating the capital market act. The increase comes as a result of virtual transactions moving away from US following its recent clampdown on the bitcoin industry, according to CryptoCoinsNews .
China ’s booming bitcoin industry places it above China as the third -largest cryptocurrency user in the world, according to CryptoCoinsNews and CryptoCoinsNews . The country's daily trading volume recently reached 15,408 bitcoins ( $58m ), representing an overall market share of 5.55% , compared to China ’s 5.55% . Yen and South Korea dollar volumes led the market by a significant margin. The increase comes as a result of virtual transactions moving away from US following its recent clampdown on the bitcoin industry, according to CryptoCoinsNews .