CME bitcoin futures launch in December 11 cancelled

CME Group Inc announced that a notice on its website, stating the contract would begin trading on December 11 was posted in error
21 November 2017   1350

Recently, CME said the CME Bitcoin Futures contract would become effective on Dec. 10, a Sunday, for trading on Dec. 11, pending regulatory review.

But a little later the notice was removed from CME’s website and Laurie Bischel, a spokeswoman for the exchange operator, said the original posting “was due to an error with the website,” without giving further details.

Effective Q4 2017, and pending all relevant regulatory review periods, please be advised that CME will launch bitcoin futures.

 

Current CME statement

Each contract will constitute 5 BTC trading on both the CME Globex and CME ClearPort systems and using CME's existing bitcoin price indices. According to the company, spot position limits are set at 1,000 contracts,

For the contracts, CME explained, minimum price fluctuations (or "ticks") are pegged at $5 per bitcoin, representing a total of $25 for each one.

BitPay to Receive New York's BitLicense

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers
17 July 2018   108

The well-known cryptocurrency processing service BitPay obtained a license to work with virtual currencies in the state of New York. Known also as BitLicense, this license is issued by the New York Department of Financial Services (NYDFS) and grants its holders the ability to conduct activities related to cryptocurrencies in the state.

NYDFS has carefully studied the company's application, including its policy on measures to combat money laundering, customer identification, fraud prevention, cybersecurity. The financial situation of the company was also thoroughly analyzed.

New York state has one of the strictest policies around businesses involved in cryptocurrency and working through the approval processes to obtain a License was important to BitPay. We believe this hard work will pay off as New York presents significant business opportunities for BitPay.
 

Stephen Pair

CEO, BitPay

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers: the first will be able to use the company's processing services to accept payments in Bitcoin and Bitcoin Cash, the latter will pay for various goods and services using these two BitPay supported cryptos.

Note that BitPay was only the eighth company that received BitLicense. Other license holders are Square, Xapo, Genesis Global Trading, bitFlyer USA, Coinbase, Ripple and Circle. In addition, special permissions for operations with crypto-currencies are exchanged by Gemini and itBit.