Regulatory Agency of Finland warns Bitcoin investors

Finland Regulatory Agency published the statement requiring investors to pay attention on cryptocurrency they use
23 November 2017   1048

They say Bitcoin and other cryptocurrencies could be highly dangerous. It is based on expectation that bought coins later may be sold at a higher price. Such exchanges are highly risky. Bitcoin and other cryptocurrency prices are extremely unstable. And some crypto-founders chases fraudulent purposes.

Evidently, the pursuit of quick profits has motivated individual citizens, who are buying bitcoin and other cryptocurrencies. The risks associated with investing in cryptocurrencies are not fully recognized, however. For this reason, the Financial Supervisory Authority is warning consumers about the risks associated with cryptocurrencies.

 

Finland Regulatory Agency

Although, while Regulatory Agency mistrusts Bitcoin, Finland, in whole, has the most positive attitude towards cryptocurrency.

In Finland there is also a central bank which openly accepts cryptocurrencies. And NASDAQ Nordic opened the trade which tracking Ethereum price.

Finland is optimistically to Bitcoin and FSA should also end up frighten citizens about cryptocurrency markets volatility.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   199

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.
 

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.