German stock exchange to launch Bitcoin futures

Representatives of biggest securities marketplace in Germany Deutsche Boerse are talking  about whether to list Bitcoin futures on Eurex
15 December 2017   1295

Executives of Deutsche Boerse, a marketplace organizer for the trading of shares and other securities, are discussing the possibility of launching Bitcoin futures on Eurex, the international exchange and the largest European futures and options market. This was reported by Wirtschaftswoche, a German weekly business news magazine.

We are thinking about futures, with which private investors and institutional investors can protect existing investments in Bitcoin or set for falling prices of the cyber currency.
 

Spokeswoman of Deutsche Boerse

It was stated that the company is considering launching Bitcoin futures trading, but did not yet make a clear decision on that. Primarely Deutsche Boerse aspires to clarify how to deal with the volatility of cryptocurrency in order to avoid price manipulation.

Previously, we have reported that CME GroupCboe exchange holding company, Nasdaq Inc and J.P. Morgan banking service unveiled their plans to launch Bitcoin futures, and Cboe exchange has already done that. However, South Korea banned securities firms to introduce Bitcoin futures trading.

Karpeles to Face Another 10 Years in Jail

Japanese enforcements agencies blamed Mt. Gox CEO in stilling $3M
12 December 2018   49

Japanese prosecutors blamed the head of the already inactive exchange Mt. Gox Mark Carpeles in embezzling 341 million yen ($ 3 million) from a bank account trading platform. The prosecutors made the corresponding statement in the Tokyo District Court, demanding 10 years of imprisonment for Karpeles, reports The Mainichi.

[Mark Karpeles] diverted company funds to such uses as investing in a software development business for personal interest" and "played a great role in totally destroying the confidence of bitcoin users.
 

Japanese prosecutors

It is noted that in September-December 2013, the head of MtGox allegedly transferred funds to personal bank accounts, and then invested in the software development business.

Carpeles is also accused of faking the data of the trading system of the exchange for the fabrication of balance sheets.

The deadline for accepting applications from affected investors as part of the civil rehabilitation of Mt. Gox has been extended until the end of December.