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In the week the country’s Senate advised the scrapping of its highest value banknote, Pakistan’s Bitcoin trading volume has shot up almost 400%.
Not much is happening for Bitcoin in Pakistan and Saudi Arabia but there are signs it could soon start doing better.
The number of bitcoin merchants surpassed the 100,000 mark in 2015 and has grown across Europe and Asia due to the expansion of well-established bitcoin startups.
Pakistani Bitcoin exchange Urbudit launched on October 11, with the ultimate goal of bringing the digital currency to the locals. At around the same time, the Philippines got its first enterprise-grade order book Bitcoin exchange through Coinage.
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