Bittrex Moves International Clients to New Platfrom

At the moment, international users of the US company may agree to the new agreement, which is needed to trade on new Bittrex Global
22 October 2019   162

On October 29, the Bittrex American Bitcoin Exchange will transfer its international customer service to Bittrex Global, based in Liechtenstein. The Bittrex International site will close.

Customers can already agree to the new user agreement. This condition is mandatory for trading on Bittrex Global.

For verified users, the transition will be fully automatic. Login (email) and password will not change.

On October 30, Bittrex International social networks will stop activity.

MAS May Allow BTC Derivatives to Approved Desks

The Singapore watchdog's initiative is related to interest in this type of assets of hedge funds and institutional investors
21 November 2019   86

Listing and turnover of cryptocurrency derivatives in Singapore may be allowed on regulated exchanges. This was stated by the country's Monetary Authority (MAS), writes Bloomberg.

The regulator's initiative is related to interest in this type of assets of hedge funds and institutional investors.

So far, according to the law of the country, payment tokens - these include bitcoin and ether - are not assets that can form the basis of regulated derivative financial instruments.

As reported, under the proposal, trading of derivatives on common cryptocurrencies such as Bitcoin and Ether will be subject to the Securities and Futures Act, the Monetary Authority of Singapore said Wednesday in a statement. The plans are in response to interest from hedge funds and asset managers that trade such products. 

Legal sites in Singapore include the Asia-Pacific Exchange, ICE Futures Singapore, the Singapore Derivative Exchange and the Singapore Stock Exchange.

The Central Bank hopes that this initiative will satisfy the need of large investors in managing their payment tokens under state control.

At the same time, MAS emphasized that derivatives of payment tokens are not a suitable financial instrument for retail investors due to high volatility.