Investors in Thailand can now carry out negotiations on futures contracts of Bitcoins traded on the Chicago Mercantile Exhange (CME) and the Chicago Board Option Exchange (CBOE). The financial authorities of the country say that a society proposes them already since a long time to their customers.
Thailand opens more and more to crypto-currencies
Phillip Securities Thailand Ltd. has just announced the launch of a service for the trading of futures contracts of the Bitcoin for investors wishing to invest in these digital assets. Apisak Vongvanij, head of global markets at Phillip Securities Trailande Ltd., explained that the customers had to make a request to benefit from this service. Moreover, the trading of futures contracts has been launched by the company 6 years ago, and allows for negotiations on 15 markets, including the Chicago Mercantile Exhange (CME) and the Chicago Board Option Exchange (CBOE), has continued Vongvanij. He added that ” the Thai people are regarded as investors are reasonably active. “
The headquarters of the Chicago Mercantile Exchange/Source : the Bitcoin News
The Bank of Thailand remains very cautious
In these advertisements, Phillip Securities claims to be the first and the only brokerage company in Thailand to offer a possibility of trading of futures contracts of Bitcoin on the largest platforms. In response to the request of the company, Chantavarn Sucharitakul, deputy governor of the Bank of Thailand, expressed his concern. “This statement could mislead investors into believing that its service has been approved by the central Bank of thailand. The Bank of Thailand has never legalized Bitcoin as a currency for financial transactions “, she said.
Source : News.bitcoin.com