Israeli Regulator to Mutual Fund Managers: Don't Invest in Bitcoin Futures
Global bitcoin futures opened for trading for the first time this week, sending enthusiasts into an investment frenzy
18:57
12.12.17
Officials from the Israel Securities Authority approached several mutual fund managers Tuesday and warned them not to invest in bitcoin futures a person familiar with the matter who spoke on condition of anonymity told Calcalist.
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Global bitcoin futures opened for trading for the first time this week, sending enthusiasts into an investment frenzy.
Bitcoin mining servers. Photo: Bloombergצילום: בלומברג
Securities Authority chairman Shmuel Hauser has said that the market for virtual currencies is unregulated and therefore highly risky for the investing public.
קראו עוד בכלכליסט:
Mr. Hauser also addressed a letter to Ittai Ben-Zeev, the CEO of the Tel Aviv Stock Exchange, instructing him to bar cryptocurrency-related companies from the exchange's indices. In the letter, Mr. Hauser said that some consider cryptocurrency to be a financial bubble, cautioning investors to consider such investments carefully.
