FIA warns on derivative exchanges’ cryptocurrency craze

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By Costas Mourselas, Ross Lancaster
07 Dec 2017

The Futures Industry Association has penned an open letter to the chairman of the Commodity Futures Trading Commission, expressing caution over the way cryptocurrency derivatives have been brought to market.

The FIA, which represents clearing members in the centrally cleared derivatives markets, wrote the letter to CFTC chairman Christopher Giancarlo after announcements last Friday by major derivatives exchanges.

Those statements confirmed that the Chicago Board Options Exchange and the Chicago Mercantile Exchange have self-certified bitcoin futures and that ...

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