Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, the Intercontinental Exchange has begun exploring Bitcoin swap contracts for institutional investors while the Department of Homeland Security's director of cybersecurity speaks on the benefits of blockchain in combating counterfeit goods.
The New York Times reports the Intercontinental Exchange is building a platform to offer institutional investors swap contracts on digital assets. The swap contracts will fall under existing CFTC regulation.
The company reported US$7.3 million in expenses related to its Digital Transformation Initiative. The company has partnered with Ripple to explore ways for money transfer across borders.
After officially taking office yesterday, Governor Yoon Suk-heum expressed his views that digital currencies may not be currencies but financial assets. The change in sentiment is optimistic for digital asset regulation in the country.
Dr. Douglas Maughan, the Department of Homeland Security’s director of cybersecurity, testified in a congress hearing about utilizing blockchain technology to combat counterfeit goods. During Dr. Maughan’s testimony, he highlighted that it had the potential for enhanced transparency and auditing of public service operations.
Interested in trading digital currencies? Coinsquare is Canada’s most secure platform for buying and selling Bitcoin, Litecoin, and other digital currencies.
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