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The world’s biggest banks reportedly want to halt the bitcoin futures launch

Enclosure Street banks have raised objections to the introduction of bitcoin expects trading, highlighting fears that the financial system can’t cope with the cryptocurrency’s evaporable price swings.

Bitcoin has rocketed higher Thursday, crossing the $15,000 trace less than 48 hours after topping $12,000.

The U.K.’s Financial Times has banged that a letter from the Futures Industry Association, which counts the over the moon marvellous’s biggest banks among its members, is to be sent Thursday to the Commodity Futures Buy Commission in the U.S.

The letter reportedly criticizes the introduction of bitcoin futures and magnificences that the Chicago exchanges, CME Group and CBOE Global Markets, should not be considered to launch bitcoin futures under a self-certifying regime.

The FT reported that a rough sketch version seen by the newspaper said proposed rules for bitcoin futures occupation do “not align with potential risks that underlie their truck.”

CBOE Global Markets is due to launch its bitcoin futures exchange on Sunday. The CME band is due to launch its version on December 17.

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