Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Riya143 on July 10, 2020, 06:55:35 PM

Title: Brazil Orders Crypto Exchange Binance to Halt Derivatives Trading
Post by: Riya143 on July 10, 2020, 06:55:35 PM

Brazil’s Securities and Exchange Commission (CVM) has ordered Binance to stop offering its derivatives products in the country.

In a Declaratory Act published on July 2nd, Brazil’s superintendent of relations with markets and intermediaries says Binance’s derivative offerings are prohibited within the country. In Brazil, derivative contracts are classified as securities even if the underlying assets are cryptocurrencies.
Read more: https://dailyhodl.com/2020/07/08/brazil-orders-crypto-exchange-binance-to-halt-derivatives-trading/

Title: Re: Brazil Orders Crypto Exchange Binance to Halt Derivatives Trading
Post by: @chison on July 11, 2020, 10:12:31 PM

Government having regulator oversight on crypto trading is not ideal for crypto. INJECTIVE PROTOCOL exchange is designed to eliminate this because traders can trade derivatives P2P on the platform