The regulatory process used is called self-certification.
Cryptocurrency that trades 24 hours a day and seven days a week, climbed as high as $11,799.99 on the Luxembourg-based Bitstamp exchange. This memorandum is considered advertising under applicable state laws. Not only will it provide professional traders with the ability to short bitcoin for the first time, but it will also open the door to the creation of a Bitcoin ETF and likely entice Wall Street firms to step off the sidelines and engage directly with bitcoin and other digital assets.
Naeem Aslam, Think Markets analyst, said that the reports Britain wants to hike regulation of bitcoin and other digital currencies.
Bitcoin's rapid rise from less than US$800 in December a year ago to more than US$11,000 this week on Coindesk has stoked fears that it is a pricing bubble that could leave recent investors worse-off. But there are a couple of differences between bitcoin futures trading at the two exchanges.
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On the USA -based Bitfinex exchange, fell to $11,131, down $31, or 0.28% after hitting an all-time high of $11,843 earlier in the session.
But one factor that did help to boost the prices was the news that the CME and the CBOE are looking to launch futures trading in bitcoins. CBOE will derive its bitcoin contract price from the Gemini bitcoin exchange, which is owned by the Winklevoss twins, Cameron and Tyler.
"If the Commission determines that the margin the DCOs hold against bitcoin futures positions is inadequate, it can take measures to require that the margin levels be increased", CFTC Commissioner Brian Quintez said in a speech last week.
Bitcoin has been a hot commodity for investors. The entry of institutional money is also expected to act as a stabilizing mechanism for the cryptocurrency's recent wild price swings.