BITCOIN AND THE FUTURE

On Sunday December 10, 2017 Chicago-based Cboe launched bitcoin futures contracts – becoming the first regulated U.S. exchange to do so. The exchange stole a march on city-rival CME, which will list its own bitcoin futures product on December 18.

New York’s Nasdaq, the world’s second-largest stock market, is also planning to list bitcoin futures contracts before mid-2018.

The Tokyo Financial Exchange, which counts the likes of JPMorgan Chase among its trading participants, is pressing ahead to list its bitcoin futures contracts by mid-2018.

While South Korea’s Financial Services Commission (FSC) has reportedly issued a directive banning financial institutions from offering bitcoin futures contracts as a financial product. According to a Business Korea report, the Korean regulator does not recognize bitcoin as ‘an underlying asset of derivatives products’ and is hence restricted from being listed as a financial instrument for futures trading.

https://www.cryptocoinsnews.com/breaking-south-korea-preissues-ban-bitcoin-futures-trading/

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