Japanese financial institutions have recently taken a lead in this push into public blockchains, with foreign exchange players expected to
launch cryptocurrency products later this year.
Mr. Chaparro also explains how «the exchange is exploring a broader family
of cryptocurrency products in addition to the bitcoin futures product.»
Grayscale Investments, part of the Digital Currency Group and the pioneer of a Bitcoin - tracking index fund, also offers a more
diversified cryptocurrency product, the Digital Large Cap Fund, which invests in the four cryptocurrencies in Coinbase's fund as well as Ripple's XRP.
Celebrity endorsers of initial coin offerings and
other cryptocurrency products could soon face legal action as regulators continue to crack down on fraud.
And Mike Novogratz — a former manager at the hedge fund Fortress Investment Group who says he has 10 % of his net worth in cryptocoins — recently estmiated it would be six to eight months before investment firms start to
offer cryptocurrency products, like ETFs, to their clients.
«In light of the CFTC and the [National Futures Association]'s public statements regarding the riskiness of the
underlying cryptocurrency products, we believe that the launch of new exchange - traded derivatives in cryptocurrencies deserves a healthy dialogue between regulators, exchanges, clearinghouses and the clearing firms who will be absorbing the risk of these volatile, emerging instruments during a default,» Lukken said.
Yesterday Alibaba Group took additional steps to
ban cryptocurrency products including goods and services including currency sales, tutorials, mining equipment and software.
In a bid to prevent web users from falling prey to scammy and
risky cryptocurrency products and services, Google will begin banning «any advertising about cryptocurrency - related content, including initial coin offerings (ICOs), wallets, and trading advice,» on its AdWords platform starting this June.
By Joshua FruthNEW YORK (Thomson Reuters Regulatory Intelligence)- Digital currency technologies generated widespread public and investor interest in 2017, with
new cryptocurrency products capable of streamlining and decentralizing global commerce.
Zichain, a Switzerland - based digital asset management company, is pleased to announce that it has secured a USD 1.2 m investment from a syndicate of UHNW Hong - Kong based investors, supporting further development of its
unique cryptocurrency products.
Secondly, simply removing all crypto - related ads will do nothing to help the general public differentiate between legitimate and
deceptive cryptocurrency products and services.
(It's particularly confusing because JPMorgan helped create the Enterprise Ethereum Alliance, a competing cryptocurrency initiative, and developed its
own cryptocurrency product built on top of Ethereum.)
Following the launch of bitcoin futures, Cboe Global Markets, Inc. may explore
additional cryptocurrency product opportunities, such as ETFs and cryptocurrency options.
Also, the former CFTC Commissioner, now functioning as DTCC (Depository Trust and Clearing Corporation) Global Policy Chief, Mark Wetjen has hinted that the U.S. Congress will give the financial regulatory agencies the go - ahead to
regulate cryptocurrency products.
Grayscale Investments, part of the Digital Currency Group and the pioneer of a Bitcoin - tracking index fund, also offers a more
diversified cryptocurrency product, the Digital Large Cap Fund, which invests in the four cryptocurrencies in Coinbase's fund as well as Ripple's XRP.
Because of the complexity
of cryptocurrency products, consumers may need to be protected from themselves, as Google and Facebook appear to be doing, suggested Josh Crandall, CEO of NetPop Research.
If any regulatory action were to come from the SEC, expect it to come with respect to ICOs, not to normal Bitcoin or
cryptocurrency products.
Twitter will ban advertisements for several kinds of
cryptocurrency products and projects.
The company recently announced its best - ever quarter, helped by a surge in popularity for
its cryptocurrency products.
Of late Yicai, a state - owned financial and investment news outlet in China, has been spotted severally promoting VeChain,
a cryptocurrency product developed in the country.
The French watchdog also urged online platforms that offer such products to properly report their business reporting and stop advertising
their cryptocurrency products electronically.
The US Securities and Exchange Commission (SEC) reportedly informed two bitcoin exchange - traded fund (ETF) aspirants
their cryptocurrency products lack enough liquidity and are problematic in discovering valuation.