Bitcoin Futures Kingpin Reveals Why Regulators Hate Crypto

2019-3-27 02:00

Bitcoin might have taken the financial world by surprise. But regulatory squeamishness ensures that it is still far away from gaining mainstream adoption on Wall Street, according to Terry Duffy.

CME’s Terry Duffy: Regulators Detest Bitcoin’s Finite Supply The CME Group chairman and CEO told Business Insider that the biggest thing that is keeping governments away from bitcoin is its finite supply. The cryptocurrency’s supply cap does not fit well with modern economic theories, which allow governments to print money at will. With bitcoin providing no such control, Duffy said governments would be unlikely to ever use it themselves. “The

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CME Group CEO: Bitcoin’s Finite Supply is Rekting Regulators Who Won’t Want an Even-for-Even Borrowing Basis

The CME Group has been working to get their request for a Bitcoin ETF approved, but that is not the main focus for the company today. CEO Terry Duffy recently commented on the challenges that regulators face in establishing precedents for cryptocurrency, naming the finite supply of Bitcoin as a challenge. Without the ability to […]

2019-3-26 07:08


Chicago Mercantile Exchange (CME) CEO Says No Other Crypto Futures For Now

Chicago Mercantile Exchange (CME) CEO Terry Duffy revealed in an interview with Bloomberg that they will not introduce futures on cryptocurrencies other than Bitcoin in the foreseeable future. Duffy emphasized that the company should first evaluate and develop an approach for Bitcoin, stressing that Bitcoin futures might have been the most controversial launch of a […]

2018-7-27 11:25