Bitcoin Future Forgoes By US Finanacial Exchanges

Bitcoin Future Forgoes By US Finanacial Exchanges

However, The plan was dropped as Last year as legacy exchange CME group given a bitcoin price index with the intention of adding its futures.Bryan Durkin, who heads Chicago-based CME, aothority told they were not going to list futures. He mentioned that this technology is nascent and that digitization of technology is on their radar. He further stated, regarding future “I really don’t see us going forward with a bitcoin futures contract in the very near future.However, some investors want exposure to btc. There is a market for indirect exposure via futures contracts. Now CME will not quote futures pairings to its customers, many of their competitive players are venturing the futures markets. Chicago, CBOE Holdings Inc. has decided to add futures contracting for bitcoin to their offering. They plan toi mplement futures contracts in the fourth or last quarter of next year, as per the media reports. CBOE entered into an alliance with the Winklevoss venture Gemini Trust Co in so that clients can be offered these future options.

Bitcoin Futures Contracts

As Large US Financial Exchange are Forgoing Futures. Not only in US rather outside the country many players have tried their hands in bitcoin futures. In Singapore  a company called Starits have inititated it last year .Straits have joint venture with Bitpay to make the transition professionally seamless. Straits Financial offering consist multitude of trading tools such as derivatives commodity futures, OTC markets etc. According to Straits Financial Singapore has is an established market and it has  potential to emerge Asia’s international financial market. Collaboration with Bitpay will give an access to clients of brokerage houses to use bitcoin. Nevertheless it will be interesting to monitor the trend as how many legacy financial exchanges will draft futures contracts for their clientele due to bitcoin adoption is increasing. According to Ed Tilly CBOE’s chairman and CEO focused investor demand as the main reason for the introduction of futures markes. He mentioned in a comment that people need an exposure so that Large US Financial Exchange Forgoes Futures contact along bitcoin.Still investors are going ahead got future markets.

Bahrain Is Keen Towards Adopting Cryptocurrencies

   

Bahrain Is Keen Towards Adopting Cryptocurrencies.

The Kingdom of Bahrain is a constitutional legal monarchy of over 30 islands in Persian Gulf. Bahrain is adopting bitcoin-friendly or cryptocurrencies approach in its endeavor to emerge as a FinTech hub in the region. Bahrain shown interest in adopting crypto currencies like bitcoin have wide scope and ‘country level’ acceptance of blockchain technologies. In a lecture at MIT Innovation Forum in Manama capital of Bahrain. On Wednesday, Khalid Al Rumaihi – The chief executive authority from Bahrain’s Economic Development Board announced plans for initiating a regulatory sandbox (exchange) in the country. The EDB is a formal government agency assigned which is assigned to plan and implement economic development strategies.

All Crytpocurrencies Related Proceeding – Al Rumaihi

Notably, He indicated that Bahrain’s Finance Authorities . the country’s financial watchdog and authorities are  also serious towards digital currencies like bitcoin.Furthe he also revealedmentioned that extent to which Bahrain could indulge and use digital currencies .  Questioning  the government official announced  that a bitcoin exchange operator in Saudi Arabia inquires toward establishing a bitcoin sandbox in Bahrain. “We are working with the CBB of Bahrain on this,” he added.All digital currency-related proceedings in the private sectormay occur in a regulatory sandbox (exchange) recentlyrevealed by the country’s central bank.

Localbitcoins.Com Compensates Users By Selling Bitcoin Cash For BTC The Bitcoin Exchange

Localbitcoins.com Compensates Users by Selling Bitcoin Cash for BTC The bitcoin exchange

Over the past few weeks, many Bitcoin Cash supporters were surprised when the B2C trading platform Localbitcoins is releasing BCH funds to its users who left bitcoin currency on the exchange before the August 1 split held. On 25th September the organization revealed in public company sold the BCH funds and will be compensating users or clients in bitcoin.

About Localbitcoins

Localbitcoins is a trade based in Helsinki & Finland that sells web portal around city & worldwide.At this platform users can involve in At-the-counter bitcoin business. The company was established in 2012 and became favorite trading vehicle for bitcoin investors worldwide. After many threatening to the company for legal case as company didn’t revealed a plan for after the fork. According to the company BCH will not be supported or accepted organization, but they sold the BCH balances and credited it to users with BTC.Initially users were not happy because the mentioned that localbitcoins hve not taken any prior permission for doing so. But after that matter was handled and user were satisfied.  At the end company agree to Compensates Users by Selling Bitcoin Cash for BTC The bitcoin exchange.

South Korea’s Financial Authority To Begin Inspection At Bitcoin Exchange

Recently after Japan now South Korea’s Ministry of Science , ICT and Korea Communications Commission announced that they will conduct on-site inspections of cryptocurrency service provider companies as well as bitcoin exchanges. Their focus will be on the cybersecurity of these providers and their compliance matter with privacy laws.

Why On-Site Inspections ?

The Korea Communications Commission, the Ministry of Science in collaboration with ICT revealed on Tuesday authorities or managemnet will cooperate to conduct on-site inspections of bitcoin exchanges, according to local media. The KCC plans to implement on-the-spot checks to follow technical and administrative safeguards. KCC have clear objectives towards Promotion of Information and Communication Network Utilization. It will strictly rectify any violations.

The KCC will provide information security consultancy and technical support to all service providers who manage digital currencies online. KCC will guide them abot how to reduce their own security vulnerabilities – the media clarified. In the month of July the country’s largest bitcoin exchange “Bithumb, was under cyber security terror as it got hacked. The personal information of more than 30,000 customers was leaked. In addition to it US cybersecurity firm Fireeye mentioned earlier this month that a cyber-espionage group called “Temp.Hermit” is responsible for launch of cyber attacks against Korean bitcoin exchanges between May and July.

Korea Starts On-Site Inspections of Bitcoin Exchanges “as this check is due to the increase in user damages due to consecutive hacking incidents involving virtual wallet hacking as well as personal information leakage. The authorities (govt) are quite serious about planning and also the prevention of the happening of such type of damages. The same was mentioned by Korea Herald. “To provide an environment against cybersecurity threats and safe service utilization through inspection of companies handling virtual currencies.”

Luxury Housing Apartments in Ankara – Turkey Are Available for Purchase Using Bitcoin

Luxury Housing Apartments in Ankara – Turkey Are Available for Purchase Using Bitcoin

After Dubai in Mr.Erdal Daldaban the owner of Project Management Firm has described enthusiastically to the foray of MiaVita Beytepe’s into Bitcoin. Project Management decided to make live sales through Bitcoin. It has recently cached the attention of big Turkish investors with its current value route. Announcing  that digital money has become an important element that can no longer be ignored for the world global economy. The most remarkable growth in these digital currencies was the fact that BitCoin provided necessary technical infrastructure stability and awareness attracted the Turkish investor was right with genuine interest.

Investors are keen to invest through Bitcoin

Luxury Housing Apartments in Ankara Turkey Are Available now for Purchase Using Bitcoin. Project management has decided in an Attempt to Capitalize Upon a progressing Interest in Cryptocurrency From sincere Turkish Investors. Legally Although Turkey has not updated its official position regarding bitcoin since 2013. Turkey’s Supervision Agency and Banking Regulation board announced that it would frame out proper legislation. Authorities will Also workout how to prevent the use of cryptocurrencies such as bitcoin, ethereum and ripple for illegal gambling activities. Though as part of an urgent initiative  new SOP need to be designed to crackdown on black market gambling. In August of last year Turkey’s sole bitcoin exchange BTCturk has officially announced that it would cease operations. Due to exchange’s inability to find a appropriate banking partner. It Also suggested that despite the situation bitcoin’s legal status within Turkey & domestic local financial institutions is doubtful  to  partner with bitcoin businesses. But nevertheless The owner of the MiaVita Beytepe project in Ankara –  Turkey  has  officially announced that its luxury housing apartments are available for purchase using bitcoin. The apartments are expected to be sold for first real estate transactions for advance to be made using cryptocurrency . The luxury housing apartments – Turkish company Anadolu Akaryakıt ve Ticaret Ltd. Sti. has named the 114 beautifully constructed apartments The‘MiaVita Beytepe’ project. Finally after all analysis & discussions now Apartments in Ankara Turkey are Available for Purchase Using Bitcoin.

The Securities board and Exchange Commission of Thailand – Ukarain – Indonesia has warned ICO.

The Securities board and Exchange Commission of Thailand – Ukarain – Indonesia has warned ICO.

In recent days umpteen governments have announced statements pertaining to bitcoin regulations. The Thailand’s Securities and Exchange Commission (SEC Thailand) has made preliminary statements regarding initial coin offerings (ICOs).Other countries like Indonesian and Ukrainian central banks have clearly stated that bitcoin will not be recognized as a means of payment. Meanwhile Thailand’s SEC  strongly realizes that ICO may not yet fit properly with SEC Thailand’s current regulatory framework of legislation. The SEC Thailand is keen to adopt a rational policy work with regard to ICOs. SEC is expressing a desire to strike the balance between current supporting digital innovation and protecting investors from potential ICO scams. The SEC highlights that  in some cases ICO may be deliberately or intentionally can be used as a tool for fraud or scam. The SEC Thailand encourages access to venture capital for businesses including high potential tech startups.

After Thailand now The Central Banks of Indonesia and Ukraine are in action (Ico’s)

Mentioning at a recent Ukrainian Financial Forum event the Hon. deputy chairman of the National Bank of Ukraine – Mr.Oleh Churiy, has revealed key insights into the government’s determinations regarding impending Ukrainian bitcoin regula. The CEO of Bitcoin (Ico) Indonesia has criticized the government for poor policies. The central Bank failed to fully recognize the technological phenomenon and innovative potential that bitcoin encompasses. Thatway Dermawan stated bitcoin(Ico) as a phenominal technological tool the workings of [bitcoin] need a strong policy frame work. When asked to discuss the development of Indonesia’s domestic bitcoin economy, Dermawan said that bitcoin (Ico) investment transactions in Indonesia are not much appreciable. Indonesia’s central bank and the Bank of Indonesia has confirmed that bitcoin transactions are not legally recognized according to its “Service Provider of Payment System” (PSJP) legislation. At the begining of the month, Ukrainian legislatures met to conduct basic discussions regarding the legality of bitcoin and other cryptocurrencies within the country.The preliminary discussions planned that Ukraine may go ahead to develop a permissive regulatory apparatus pertaining to cryptocurrency and blockchain technology. But as final verdict ministry stated that Ukrainian officials have concluded that bitcoin (ICO) is not a currency due to the absence of a government issuer and that bitcoin (ICO) will not be legally recognized as a form of payment – Its Illegal by our laws.

Russian government Calling for professional Crypto Researchers

Russian government Calling for professional Crypto Researchers

Cryptocurrency Researchers Will be Paid 2.5 Million Rubles. According to the media Russian government’s public procurement for website & cryptocurrencies. The Russian State Duma is holding a indepth tender for a detailed study on the subject of cryptocurrency, blockchain technology and initial coin offerings (ICOs). The deadline for submissions is October 10 – 2017. Contract’s winner will receive an initial maximum payment of 2,498,800 roubles value approximately $43,400 USD. The Government is kind and The ultimate source of the financing is listed as the Russian federal budget

Legislation to be followed while structuring laws

The results of the work should be used by the State Duma. The Russian government to form a package of legislative formulae to integrate the most promising financial technologies. According to the need of the Russian financial market reasearchers need  to legislatively ensure their development and regulation. Russian Government is expecting the State of Duma is holding a tempting tender for the implementation of an professional and expert-analytical study on latest financial technologies, including the indepth information on cryptocurrency markets, ICOs, and blockchain technology too. The study should also include an analysis of how developing ICOs can be used as “a longterm sustainable alternative channel for mobilizing funding resources in the market of alternative investments. The reasearchers team will develop approaches to the formation of a regulatory framework for their specific regulation, Russian financial market.They have to work upon the possibility of further integration of the Russian and global financial markets under different circumstances will sync regulatory application of modern financial technologies.  In addition to that if any potential threats and risks that could “lead to negative consequences for the economy” should be identified carefully. Finally, the tender requires the winner to prove his worth to this investment.