CME Group unveiled Bitcoin futures trading launch date

The CME Group will start Bitcoin futures trading on the second week of December
14 November

The earlier announced bitcoin futures trading by CME Group will occur during the second week of December 2017. The head of the company Terry Duffy said this on Monday in the "Power Lunch" show on CNBC.

Terry Duffy said that they want to give other people a place where they could plan risk of Bitcoin. According to him, today it is impossible to make short sales of bitcoin, so there is only one way: either you buy it or sell it to someone else. This creates a two-way market, and it is always more efficient. The Bitcoin futures trading will be launched on the 2nd week of December.

About the plans to launch trading in futures for Bitcoin, the leading stock exchange of financial derivatives CME Group reported on October 31. The new contracts will be launched on a cash settlement basis and will be based on the CME CF Bitcoin Reference Rate (BRR) - the reference rate of bitcoin against the US dollar compiled by the CME Group on Bitstamp, GDAX, itBit and Kraken.

Israel will reveal the status of cryptocurrencies in the next six months

Now in Israel people should make their decision on Bitcoin and it will be claimed soon
20 November

 

Israeli Ministry of Finance announced they will do some research on Bitcoin and cryptocurrency together with accounting firms.

This decision came from meeting initiated by Finance Minister Moshe Kahlon. At the meeting they realized Israel wasn’t prepared to accept cryptocurrency.

We are leading this with the minister and very happy to see he is all for it. The committees will begin their operations very fast. In my opinion, we will see results on the ground in up to six months.

 

Moshe Hogeg, Israeli serial entrepreneur.

The situation with uncertainty on Bitcoin mentioned above created a lot of trouble for businessmen and users on cryptocurrency.

For example, in June Tel Aviv district court announced that banks may reject Bitcoin ventures because of the inability to verify the KYC and AML. Also Israeli Tax Authority decided that if Bitcoin is not a legal currency, the sales of BTC will hurt adoption.

Although not everyone supports the recommendations of researchers. In Israel there is at least one high-ranking placeman who is convinced in pernicious impact of cryptocurrencies for economy and many share his view.

The Head of Israel Securities Authority (ISA) expressed his opinion that Bitcoin and ICOs should be strongly regulated. ISA instituted its own committee to assess regulations on Bitcoin and other cryptocurrencies.