Alva Review-Courier -

By KEN SWEET
AP Business Writer 

Federal regulator gives OK for bitcoin futures to trade

 

December 1, 2017



NEW YORK (AP) — A federal regulator gave the go ahead on Friday to the CME Group to start trading bitcoin futures later this month, the first time the digital currency will be traded on a Wall Street exchange and subject to federal oversight.

The CME Group, which owns the Chicago Mercantile Exchange, will start trading bitcoin futures Dec. 18, the company said. The Commodities Futures Trading Commission, the primary regulator for exchanges like the CME, gave approval for the exchange to create bitcoin futures after six weeks of discussions.

The CME Group is using a process known as "self-...



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