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Topic: US traders no longer legally can trade bitcoin futures anywhere! Bad news (Read 1090 times)

sr. member
Activity: 462
Merit: 250
they want to control everythink  Angry but bitcoin will continu to raise there is no problem with that they will end accepting bitcoin .
but let us see if that will have an effect in bitcoin price. and how much numbre of user will give up in this journey.
hero member
Activity: 1092
Merit: 520
This is great news for most of the rest of the world, as the US clamps down on bitcoin it only helps to drive business and innovation over seas...... keep it up ...lol
legendary
Activity: 1456
Merit: 1002
Sounds like the typical govt dick move.

If we cant control the bitcoin thing metality, I guess we can do all our powers to kill their services..

This really sucks.. I guess this can falter the price before the halving even beings..
legendary
Activity: 1526
Merit: 1001
I think that there are many reasons why they banned trading bitcoin in US, maybe because people's interest was dropping from banks, and moving to bitcoin was very bad for banks, hope this will not affect the bitcoin price too much.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
For now Europe is fortunately still not going in that direction butw maybe it's just matter of time and that is not good. Free Bitcoin market for everyone!
member
Activity: 144
Merit: 10
Earn with impressio.io
Derivative is shit it is good for btc to  stay away,price will be more stable without btc derivatives market
Now USA try to limit derivatives but it is to late

I think the derivative could be good if used properly. It can be used to protect one's investment. But it is usually abused.
STT
legendary
Activity: 4004
Merit: 1428
Catalog Websites
Derivatives as twice the wealth of the world would not make much sense.   It does appear large but its like insurance, the headline figure is not actually used as the event does not occur (every year).    It should make markets more even, such as a farmer able to sell his crop early.  That is an option tradable by others on a future harvest with an unknown price but its useful

I read bitcoin can be held as an ETF now, is this just one options site excluded as it was not official sanctioned.  Its probably more that they dont want business lost out of their centralised system, the ETF probably paid alot of fees and is traded within their governance
legendary
Activity: 1722
Merit: 1000
The bitcoin derivatives space is getting bigger and more professional. Despite regulatory inertia there's a lot of work going into building up the industry.

The guys at CryptoFacilities especially have a lot of exciting stuff in the works, but the regulatory environment in the US is only hurting them and bitcoin in general.

Here's some highlights of updates they just sent out in email to all customers:
  • Margin Netting Introduced
  • US Traders BANNED due to regulatory issues
  • Engine updates for faster order Matching
  • Free insured blockchain settlement with Elliptic
  • Analytics and TradingView integration


The most disappointing that sticks out is that the US regulators will stop at nothing to prevent bitcoin users in their country from using reliably exchanges like CryptoFacilities. There is now no longer any bitcoin derivatives exchanges that Americans can legally trade on

Read more and see the full screenshot of the newsletter and full text of the newsletter: http://www.bitcoinfuturesguide.com/bitcoin-blog/news-updates-from-fca-regulated-bitcoin-derivatives-exchange-cryptofacilities-us-traders-banned-insured-block-chain-settlement-free-more

I don't think that it is so bitcoin specific, the US government seems to want to stop or restrict movement of money generally.
The goal seems to be a cashless society, which could be bitcoin, but they won't let that happen unless they can control bitcoin.  That means we are headed to a 100% online bank led monetary system, where they can track everything you spend and receive.

They banned all sorts of exchanges in the past, they don't even allow online gambling (officially), this just seems like another step towards the nanny state taking over.



This guy gets it... alas.. .this is really bad.  All transactions will need to be approved by your King or Queen. (President but that term is a joke now a days)
legendary
Activity: 1582
Merit: 1064
Forget bitcoin exchanges, American citizens / residents can face difficulties in opening bank accounts, because of the cumbersome compliance to regulations it involves. Banks would rather forego such business, rather than spend money on compliance.
hero member
Activity: 756
Merit: 500
The bitcoin derivatives space is getting bigger and more professional. Despite regulatory inertia there's a lot of work going into building up the industry.

The guys at CryptoFacilities especially have a lot of exciting stuff in the works, but the regulatory environment in the US is only hurting them and bitcoin in general.

Here's some highlights of updates they just sent out in email to all customers:
  • Margin Netting Introduced
  • US Traders BANNED due to regulatory issues
  • Engine updates for faster order Matching
  • Free insured blockchain settlement with Elliptic
  • Analytics and TradingView integration


The most disappointing that sticks out is that the US regulators will stop at nothing to prevent bitcoin users in their country from using reliably exchanges like CryptoFacilities. There is now no longer any bitcoin derivatives exchanges that Americans can legally trade on

Read more and see the full screenshot of the newsletter and full text of the newsletter: http://www.bitcoinfuturesguide.com/bitcoin-blog/news-updates-from-fca-regulated-bitcoin-derivatives-exchange-cryptofacilities-us-traders-banned-insured-block-chain-settlement-free-more
bad news for bitcoin traders but if this one will make an impact, I hope this one will only be temporary and will be reverse in due times bitcoin will be more recognize in the near future trading might be much easier, and many traders will not be stop to continue trading bitcoin.
legendary
Activity: 2674
Merit: 1048
The bitcoin derivatives space is getting bigger and more professional. Despite regulatory inertia there's a lot of work going into building up the industry.

The guys at CryptoFacilities especially have a lot of exciting stuff in the works, but the regulatory environment in the US is only hurting them and bitcoin in general.

Here's some highlights of updates they just sent out in email to all customers:
  • Margin Netting Introduced
  • US Traders BANNED due to regulatory issues
  • Engine updates for faster order Matching
  • Free insured blockchain settlement with Elliptic
  • Analytics and TradingView integration


The most disappointing that sticks out is that the US regulators will stop at nothing to prevent bitcoin users in their country from using reliably exchanges like CryptoFacilities. There is now no longer any bitcoin derivatives exchanges that Americans can legally trade on

Read more and see the full screenshot of the newsletter and full text of the newsletter: http://www.bitcoinfuturesguide.com/bitcoin-blog/news-updates-from-fca-regulated-bitcoin-derivatives-exchange-cryptofacilities-us-traders-banned-insured-block-chain-settlement-free-more
why this is happen?because US traders have no control of amount?or this is because they have no tax for bitcoins? but i'm sure this is will not stop US traders for trading.
legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
I notice this the other day as well and to be honest, I was expecting the exact outcome, specially after the recent criminal activity that took place in US, this is surely the governments way of shooting a target with one arrow and now what they did was to restrict completely with a reason of what happened recently and at the same time, get what they want, "CONTROL".
legendary
Activity: 1218
Merit: 1007
I'm all for free markets--really I am--but bitcoin can survive and thrive without derivatives.  So can the stock market, so can all markets.
Derivatives and futures are probably one of the worst things that can come to Bitcoin. They will end up creating so much inflated value, and if you saw that infographic about the value of different economic sections, you'll see derivatives being a massive chunk of all the wealth in the world, worth probably a good 2 times more than the rest of the wealth combined.
legendary
Activity: 3458
Merit: 6948
Top Crypto Casino
I'm all for free markets--really I am--but bitcoin can survive and thrive without derivatives.  So can the stock market, so can all markets.
sr. member
Activity: 313
Merit: 250
It's truly sad that innovation and regulation have such a hard time getting along with each other... here is a potential trading platform that can eliminate deposit fees and make trading instant, yet making it so hard to operate in the US is hurting everybody involved while making money for the big banks involved.

Maybe once the laws are more clear we'll see more crypto businesses working in the US, but we need to relax the red tape involved with getting registered to make that happen... keeping it to the big banks and companies that can lobby our government is a pretty shitty way to do things.

Indeed sad.  Innovation usually prevails.  I am not surprised that all is being done to suppress and attempt to regulate bitcoin.

Bitcoin is really something that is new and the laws behind trading it are not well developed so I completely understand their actions
hero member
Activity: 756
Merit: 500
It's truly sad that innovation and regulation have such a hard time getting along with each other... here is a potential trading platform that can eliminate deposit fees and make trading instant, yet making it so hard to operate in the US is hurting everybody involved while making money for the big banks involved.

Maybe once the laws are more clear we'll see more crypto businesses working in the US, but we need to relax the red tape involved with getting registered to make that happen... keeping it to the big banks and companies that can lobby our government is a pretty shitty way to do things.

Indeed sad.  Innovation usually prevails.  I am not surprised that all is being done to suppress and attempt to regulate bitcoin.
Pab
legendary
Activity: 1862
Merit: 1012
Derivative is shit it is good for btc to  stay away,price will be more stable without btc derivatives market
Now USA try to limit derivatives but it is to late
legendary
Activity: 1218
Merit: 1003
The bitcoin derivatives space is getting bigger and more professional. Despite regulatory inertia there's a lot of work going into building up the industry.

The guys at CryptoFacilities especially have a lot of exciting stuff in the works, but the regulatory environment in the US is only hurting them and bitcoin in general.

Here's some highlights of updates they just sent out in email to all customers:
  • Margin Netting Introduced
  • US Traders BANNED due to regulatory issues
  • Engine updates for faster order Matching
  • Free insured blockchain settlement with Elliptic
  • Analytics and TradingView integration


The most disappointing that sticks out is that the US regulators will stop at nothing to prevent bitcoin users in their country from using reliably exchanges like CryptoFacilities. There is now no longer any bitcoin derivatives exchanges that Americans can legally trade on

Read more and see the full screenshot of the newsletter and full text of the newsletter: http://www.bitcoinfuturesguide.com/bitcoin-blog/news-updates-from-fca-regulated-bitcoin-derivatives-exchange-cryptofacilities-us-traders-banned-insured-block-chain-settlement-free-more

I don't think that it is so bitcoin specific, the US government seems to want to stop or restrict movement of money generally.
The goal seems to be a cashless society, which could be bitcoin, but they won't let that happen unless they can control bitcoin.  That means we are headed to a 100% online bank led monetary system, where they can track everything you spend and receive.

They banned all sorts of exchanges in the past, they don't even allow online gambling (officially), this just seems like another step towards the nanny state taking over.
legendary
Activity: 1218
Merit: 1003
We are the champions of the night
It's truly sad that innovation and regulation have such a hard time getting along with each other... here is a potential trading platform that can eliminate deposit fees and make trading instant, yet making it so hard to operate in the US is hurting everybody involved while making money for the big banks involved.

Maybe once the laws are more clear we'll see more crypto businesses working in the US, but we need to relax the red tape involved with getting registered to make that happen... keeping it to the big banks and companies that can lobby our government is a pretty shitty way to do things.
member
Activity: 103
Merit: 10
www.bitcoinfuturesguide.com
The bitcoin derivatives space is getting bigger and more professional. Despite regulatory inertia there's a lot of work going into building up the industry.

The guys at CryptoFacilities especially have a lot of exciting stuff in the works, but the regulatory environment in the US is only hurting them and bitcoin in general.

Here's some highlights of updates they just sent out in email to all customers:
  • Margin Netting Introduced
  • US Traders BANNED due to regulatory issues
  • Engine updates for faster order Matching
  • Free insured blockchain settlement with Elliptic
  • Analytics and TradingView integration


The most disappointing that sticks out is that the US regulators will stop at nothing to prevent bitcoin users in their country from using reliably exchanges like CryptoFacilities. There is now no longer any bitcoin derivatives exchanges that Americans can legally trade on

Read more and see the full screenshot of the newsletter and full text of the newsletter: http://www.bitcoinfuturesguide.com/bitcoin-blog/news-updates-from-fca-regulated-bitcoin-derivatives-exchange-cryptofacilities-us-traders-banned-insured-block-chain-settlement-free-more
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