[size=30]Washington allows for the first time to trade the currency "Petkwin" on the Wall Street[/size]
Trend Press / Agencies
For the first time, a US federal regulatory body gave green light to CME Group, a financial firm registered on Wall Street, to start issuing digital futures contracts.
The Commodity Futures Trading Commission (CFTC), the main federal trading body, agreed to trade the company with the futures contracts after six weeks of discussions, the Associated Press reported on Sunday.
The company, the owner of the Chicago Mercantile Exchange, said it would begin trading Futures contracts from December 18 for the first time on Wall Street.
In its new step, the company is complying with a process known as a "self-certification" under which it undertakes not to violate any of the federal securities laws when trading in that currency.
In this move, some of the markets will be subject to federal regulation in the United States for the first time, according to the agency. It will also allow traders to trade with a larger group of investors and traders who are reluctant to buy the virtual currency.
Betcuen is a digital currency that relies on encryption and is characterized as a "decentralized currency," meaning that it is not controlled by non-users and is not subject to censorship such as "government or central bank" like other currencies in the world.
Encrypted digital currencies do not have a serial number and are not controlled by governments and central banks, like conventional currencies, but only through the Internet, without physical presence.
And warned many central banks in the Arab world, such as the UAE, Saudi Arabia and Palestine, the latest Morocco last week, as well as Russia from dealing in digital or virtual currencies.
In the same vein, the virtual currency "Etherium" rose to a record level last Wednesday to $ 492 per currency, up from the opening of trading on the same day of $ 470.69.