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US regulatory formally approved CME, CBOE on-line bitcoin futures

On Friday, the CFTC formally approved the listing of Bitcoin futures in the CME Group, the Chicago Board Options Exchange and the Cantor Exchange, which also means Wall Street's large Money will be formally involved in Bitcoin transactions.

"Bitcoin, the virtual currency, is not like anything that the Commission has handled in the past," said CFTC Chairman Christopher Giancarlo. "To that end, we have extensively discussed the proposed futures contract and CME CFE and Cantor have both agreed to step up customer protection and maintain market order. "
"Given the CFTC's limited legal oversight of Bitcoin against the cash market, CME, CFE and Cantor will work with the Commission to set an appropriate monitoring standard for these Bitcoin contracts."
After the announcement, bitcoin market prices rose, up to now has reached 10,500 US dollars.

CME Group said its bitcoin futures contract will begin trading on December 18 with an initial margin of 35%, as well as a series of risk and credit control rules applicable to all futures products such as "daily price limits" .