Jamaica to Support Live Bitcoin and Ether Trading
April 03 2019 - 1:34PM
InvestorsHub NewsWire
Bitcoin Global News (BGN)
April 3, 2019 -- ADVFN Crypto NewsWire -- Watching the news
for what the latest blockchain islandwill be isn’t a thing of
the past just yet. Today, it was announced that the fully regulated
Jamaican stock exchange will launch live Bitcoin and Ether
trading. Before you go out and pan the opportunity as another nail
in the coffin of established financial systems, however, there are
a few key points to keep in mind.
For now, only registered
broker-dealers and accredited investors will be able to
participate, according to CoinDesk. Furthermore, while this will be
a live stage of trading, it will still represent a trial run
of the technologies on the exchange. All of this is coming on the
heels of the announcement of an impending partnership between the
exchange and a firm called Blockstation, with the aim
of launching regulated crypto tradingon the
island.
Reportedly, this effort will
largely move away from allowing anyone to invest in crypto on the
island and instead, towards facilitating Jamaican-based
security token offerings. While at face value, this may not seem
like good news for the average crypto investor, it actually could
be.
In an overarching sense, more
security token offeringsmeans more institutional involvementin the
global crypto market and therefore, a likely shift towards an
overall bear market once again. Yes, admittedly, such an idea is
highly theoretical, but it is supported by the premise
that security token offerings carry a significantly lower
riskthan other fundraising vehicles like initial coin
offerings.
Since no specific date has
been announcedfor this launch of Bitcoin, Ether, and then security
token trading on the JSE, only time will tell whether any of these
suggestions prove to be valid.
By: BGN Editorial Staff
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