Behave like children. Run and complain where you can, first they start telling all sorts of nasty things about bitcoin and then they also complain. Well, what do you want? When bitcoin was cheap and not so popular, you did not give it much attention, now when people have built their own system, you want to take it away from us. not you gave us bitcoin
Topic: [2017-12-07] The world’s biggest banks reportedly want to halt bitcoin futures (Read 2261 times)
December 08, 2017, 05:01:02 AM
December 07, 2017, 07:25:45 AM
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The U.K.'s Financial Times has reported that a letter from the Futures Industry Association, which counts the world's biggest banks among its members, is to be sent Thursday to the Commodity Futures Trading Commission in the U.S.
...
The U.K.'s Financial Times has reported that a letter from the Futures Industry Association, which counts the world's biggest banks among its members, is to be sent Thursday to the Commodity Futures Trading Commission in the U.S.
...
How likely do you think is a last-minute halt of the Bitcoin futures? I highly doubt that they will revoke the licences of CME and CBOE
on such a short notice. This would obviously be a real bummer and cause a huge BTC price decline as the Bitcoin futures of CME, CBOE and
NASDAQ have been a big part of the recent price surge.
In my opinion the more likely outcome is that they will introduce a few minor changes. E.g. stricter circuit breakers or an increase
of margin requirements.
I guess we will know more on Sunday when the first Bitcoin future is intended to go live.
December 07, 2017, 06:52:51 AM
The world’s biggest banks reportedly want to halt bitcoin futures launch
- Bitcoin futures are set to be introduced by CBOE Global Markets and the CME
- The Futures Industry Association says there has not been enough scrutiny of the product
- Concern exists that clearing houses, funded by banks, may take on too much risk
Wall Street banks have raised objections to the introduction of bitcoin futures trading, highlighting fears that the financial system can't cope with the cryptocurrency's volatile price swings.
Bitcoin has rocketed higher Thursday, crossing the $15,000 mark less than 48 hours after topping $12,000.
The U.K.'s Financial Times has reported that a letter from the Futures Industry Association, which counts the world's biggest banks among its members, is to be sent Thursday to the Commodity Futures Trading Commission in the U.S.
The letter reportedly criticizes the introduction of bitcoin futures and states that the Chicago exchanges, CME Group and CBOE Global Markets, should not be allowed to launch bitcoin futures under a self-certifying regime.
The FT reported that a draft version seen by the newspaper said proposed rules for bitcoin futures trading do "not align with potential risks that underlie their trading."
CBOE Global Markets is due to launch its bitcoin futures exchange on Sunday. The CME group is due to launch its version on December 17.
Source: https://www.cnbc.com/2017/12/07/bitcoin-futures-push-back-by-wall-street-banks.html
- Bitcoin futures are set to be introduced by CBOE Global Markets and the CME
- The Futures Industry Association says there has not been enough scrutiny of the product
- Concern exists that clearing houses, funded by banks, may take on too much risk
Wall Street banks have raised objections to the introduction of bitcoin futures trading, highlighting fears that the financial system can't cope with the cryptocurrency's volatile price swings.
Bitcoin has rocketed higher Thursday, crossing the $15,000 mark less than 48 hours after topping $12,000.
The U.K.'s Financial Times has reported that a letter from the Futures Industry Association, which counts the world's biggest banks among its members, is to be sent Thursday to the Commodity Futures Trading Commission in the U.S.
The letter reportedly criticizes the introduction of bitcoin futures and states that the Chicago exchanges, CME Group and CBOE Global Markets, should not be allowed to launch bitcoin futures under a self-certifying regime.
The FT reported that a draft version seen by the newspaper said proposed rules for bitcoin futures trading do "not align with potential risks that underlie their trading."
CBOE Global Markets is due to launch its bitcoin futures exchange on Sunday. The CME group is due to launch its version on December 17.
Source: https://www.cnbc.com/2017/12/07/bitcoin-futures-push-back-by-wall-street-banks.html
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