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Cryptocurrencies 'could have a role' in investor portfolios. If Betting partners fully shifts to bitcoinbitcoin moves from an almost theoretical instrument of a few to a source of investment for many, authorities may have to take steps to regulate it — even as difficult as it may be to take those steps. CME's planned introduction of bitcoin futures "is strong evidence that exchanges, trading firms and investment banks are prepared to trade financial products — including derivatives and [exchange-traded funds] — that are connected to digital currencies," said Rick Levin, chairman of the fintech and regulation team at the law firm Polsinelli. These questions are very difficult to answer, as the very nature of this cryptocurrency is that it is entirely decentralized and its origin betting partners fully shifts to bitcoinbitcoin opaque:. This may be because there is a theoretical limit on the number of Bitcoins; the supply is set at 21 million units.
For a broad swath of the American public, cryptocurrencies such as bitcoin and Ethereum are now household names. It has been updated. Each jurisdiction has its own economic and, ultimately, political objectives. Value in holding Bitcoin or any cryptocurrency is only crystallized when it can be traded for a real currency by a legal means. One reason for that may be they raise some fairly fundamental but inconvenient regulatory and legal questions.
CME's planned introduction of bitcoin futures "is strong evidence that exchanges, trading firms and investment banks are prepared to trade financial products — including derivatives and [exchange-traded funds] — that are connected to digital currencies," said Rick Levin, chairman of the fintech and regulation team at the law firm Polsinelli. In its Opinion on Virtual Betting partners fully shifts to bitcoinbitcoin, the European Banking Authority identified 70 risks across several categories. Although a number of global banks are studying or experimenting with cryptocurrencies and their underlying blockchain technology for cross-border payments and other uses, none have yet begun trading it openly.
Regulators in a number of jurisdictions are publishing positioning papers and, in some cases, beginning to issue soft rules to manage cryptocurrencies. Cryptocurrencies 'could have a role' in investor portfolios. Posted by Common Sense.
Terry Duffy, CEO and chairman of CME Group, said it was "increasing client interest" in cryptocurrency markets that had spurred his company to introduce bitcoin futures. Posted by Common Sense. There, however, is the real pressing problem for regulators.