On December 11 the Securities and Futures Commission (SFC) of Hong Kong published a circular that reminds that only licensed firms are allowed to offer bitcoin futures within Hong Kong. Investors are also reminded of the risks associated with these products. Read more: https://hype.codes/hong-kong-warns-risks-bitcoin-futures
What is your opinion about bitcoin futures? Are you waiting for CME's launch?
What is your opinion about bitcoin futures? Are you waiting for CME's launch?
Bitcoin Futures marks the new chapter in the life of Mr. Bitcoin as it signals that the legitimization of Bitcoin has already started. Being in the futures market, Bitcoin can now claimed to be legal (otherwise it would not be approved in the market of futures) even if there can be no direct law or order granted by the government. As in any type of investment, risks will always be there and these risks actually can push the asset or currency further into the sky. I know that some or many are voicing out their concern that futures can hold back the value of Bitcoin just like what it did to gold. As for me, that will remain to be seen.
