Volatility Should Not Hold Investors Back from Accepting Cryptocurrency as an Asset Class in Asia14.25

Asia’s traditional financial market has begun to recognize the investment merits of cryptocurrencies and its potential to be accepted as a formal asset class. Earlier this month, the Hong Kong’s Securities and Futures Commission (SFC) said that it will start to explore how to regulate the trading flows of cryptocurrencies.

In the United States, preliminary legal frameworks have already been put in place to introduce cryptocurrencies and future products based on such assets on one of the world’s oldest futures and options exchanges, the CME’s Chicago Board of Trade (CBOT). Most significantly, Bitcoin futures trading volumes have been on the rise with an increasing percentage (20 percent) of the non-US trades (40 percent) coming from Asia.

Original source
https://cryptoslate.com/volatility-should-not-hold-investors-back-from-accepting-cryptocurrency-as-an-asset-class-in-asia/

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