Futures Markets and Record Prices Spark Regulatory Warnings
Bitcoins skyrocketing price has triggered a wave of warnings from regulatory institutions. The European Central Bank (ECB) has implored the European Union (EU) to regulate bitcoin, whilst the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged Indias government to take legislative action against bitcoin. The highly anticipated launch of institutional bitcoin futures markets has also prompted the Hong Kong Securities and Futures Commission (SFC) to warn traders of the risks posed by trading unregulated bitcoin futures markets.
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