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CME’s Melamed: Bitcoin a new asset class, not a crypto-currency – RTRS

Leo Melamed, Chairman Emeritus of CME Group told Reuters in an interview on Tuesday, Bitcoin is not simply a crypto-currency but will emerge as a new asset class, just like gold or stocks.

Melamed noted: “That’s a very important step for Bitcoin’s history... We will regulate, make Bitcoin not wild, nor wilder. We’ll tame it into a regular type instrument of trade with rules.”

CME, the world’s largest derivatives exchange, last week announced that it would launch the futures contract of Bitcoin.

China fx reserves see 9th straight month of gains

The Chinese central bank, the PBOC, is out with the latest monthly report on the country’s forex reserves, with the key details found below. China fo
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EUR futures: bearishness appears intact

CME Group’s preliminary figures for EUR futures markets saw investors trimmed their open interest positions by more than 1.9K contracts on Monday vs.
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