Thousands Of French Shops Now Selling Cryptocurrencies

It is a widely known fact that developments and adoption of cryptocurrencies continues to rise despite prevalent bearish market sentiments.

This demonstrates the resilience of the cryptocurrency sector as well as the growing interest of people of the nascent industry.

This is especially true in France where it is now possible to buy cryptocurrencies in over 10,000 shops in the country.

This was made possible with the partnership of Digital Service and Paris-based payments firm Ingencio.

With this strategic move, customers using ingencio’s platform will be able to sell their vouchers of 20, 50, and 200 Euros in crypto.

These vouchers then can be claimed via the Digycode page by using the secret code printed in the vouchers.

Customers may not worry about the volatility of cryptocurrencies as the amount of crypto to be given out when customers claims in the platform is only determined during the time the voucher claimed in the website.

According to Cristophe Villegas, CEO of Digital Services, now anyone who wants to purchase cryptocurrencies in France can easily do so in shops without going through online service providers that requires more information than necessary.

Ethereum Futures Will Be Healthy To The Crypto Ecosystem

It has been reported that ErisX Chief Thomas Chippas has recently filed a letter to the U.S. Commodity Futures Trading Commission (CFTC) outlining the importance of Ethereum-backed futures.

According to the Wall Street veteran, the introduction of a regulated futures contract on Ether would have a positive impact on the asset ecosystem and the underlying market.

Chippas also added it is logical that the CFTC to allow an Ethereum future on regulated markets similar to what it has done previously with Bitcoin.

It would be consistent with the CFTC’s M.O. of facilitating an open, transparent, competitive and financially sound derivative trading markets.

ErisX is widely considered as a potential competitor to Bakkt which is backed by the operator of world’s largest stock exchange in the world.

It has strategic partnerships with Bitmain, ConsenSys, Digital Currency Group, Nasdaq, TD Ameritrade and others.

Trading Cryptocurrency Futures Now Allowed In Indonesia

The Indonesian government has finally provided some regulatory clarity in the crypto space by providing new regulations for the trading of cryptocurrency assets on futures exchanges.

According to the Commodity Futures Trading Regulatory Agency, before any cryptocurrency futures exchange operates in the country, it must registered and be approved by the aforementioned agency.

Indrasari Wisnu Wardhana, the head of the futures regulatory body, the new regulations that took effect recently is a confirmation that crypto assets are officially recognized as commodities that can be traded in the country.

He reveals that the new regulations were put into place to provide legal certainty to the crypt futures sector and protect customers and investors.

However, not everyone is happy with the new regulations.

The CEO of digital asset trader Indodax, Oscar Darmawan said that the capital requirements is too huge which in fact is above to start a rural bank and far higher than the minimum paid-up capital for futures traders of more traditional commodities.

Netflix Releasing Documentary On Altcoins

It has been recently reported that Netflix have plans on releasing a new documentary on cryptocurrencies.

After producing an interesting documentary on bitcoin almost two years ago, the video streaming company is now planning to release a documentary that will now focus on Altcoins.

A leaked information says that PACCoin, Global Boost and a few other cryptocurrencies will be included.

Unlike the first documentary about bitcoin, which featured a 90 minute film about the digital assets, the new documentary will be an eight part series which is projected to air on the year 2020.

While it is interesting to see a professionally made documentary on cryptocurrencies, some crypto community members are skeptical Netflix will be able to pull it off as there is a multitude of projects out there that no one knows will still be here by the time the documentary releases.

Only time will tell how this documentary will affect the atlcoin market.

If the documentary portrays Altcoins in the bad light, it may very well trigger a lot of bearish pressure on Altcoins.

Bitcoin Futures Easier To Approve Than Bitcoin ETF

Representatives of two regulatory bodies in the United States have come together to discuss their regulatory approaches to bitcoin futures and contracts, and bitcoin exchange-traded-funds.

The U.S. Securities and Exchange Commission (SEC) is represented by Commissioner Hester Pierce while the Commodity Futures Trading Commission (CFTC) is represented by Commissioner Brian Quintenz.

According to Brian, CFTC has process in the Commodity Exchange Act that allows the exchanges to self-certify a contract if they believe it meets the requirements of the act.

He reveals that so long as the agency does not disagree with the contract they can get listed without the agency’s approval.

So long as the contracts are not susceptible to manipulations, they will not move in to restrict it.

In SEC’s case there is no such option.

Bitcoin ETF should receive the explicit approval of the agency before it can be listed in exchanges.

Hester states that her agency seem to be taking a merit-based approach judging the underlying bitcoin markets.

In doing so she believes that SEC went beyond what the statute allows them to do.

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