Bitcoin futures in the near future
On Monday we reported that CME Group is to launch Bitcoin futures on the 10th of December. CME is the world’s largest derivatives exchange, and after the announcement Bitcoin rose to a record $8,240.
The new option will give Bitcoin some regulatory cover and make it more attractive to institutions.
New offer from FastMatch
On Tuesday we reported that FastMatch is opening access to key data in real time for the public, at a charge of €40 euros per month.
CEO Dmitri Galinov said: “For a small monthly fee, individuals and companies can view the latest FX rates transacted on interbank markets. This information empowers them to demand better FX rates from vendors.”
Simon Waugh is retiring from CMC Markets. He has been with the firm since 2007. He will be replaced by James Richards.
Waugh said: “I have thoroughly enjoyed my time with CMC and now that the Group has been listed for almost two years, the time is right to retire from the Group Board. I am looking forward to continuing to work with the Group at this exciting time.”
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CySEC prepares for MiFID II
CySEC has suspended its ‘fast track’ process. The move comes as MiFID II looms near, prompting national regulators to review their processes.
Companies that have already applied will be processed.
Israel and the ICO
On Friday we reported that the ISA is weighing up its options regarding regulation of initial coin offerings. Possibilities discussed included defining them as securities, and banning them outright.
The issue was discussed by a special ISA committee set up in August. Some say that the ISA is trying to make up for its lax response to the binary options industry.
Diamonds are forever
Bitcoin is forking, yet again. This time, the new currency will be known as Bitcoin Diamond. The Bitcoin Diamond website claims that more than twenty exchanges and five wallets will support the coin after its birth.
However, the teams behind the new coin are maintaining their anonymity, which could mean that there is something shady about the whole business… but not necessarily.
Cryptocurrency regulation overview
On Friday we published a fascinating overview of cryptocurrency legislation, country by country. As cryptocurrency and blockchain technology grow in importance, attitudes towards them differ widely. Click here to found out which countries are friends and which are foes.