What Brokers Need to Know About EMIR Reporting of Cryptocurrency CFDs

[kreslik.news]

A number of online brokers have been offering trading on Bitcoin CFDs (contracts for difference) for a few years now already. However, the recent surge in prices, adoption and media attention have led many more to adopt the instruments and expand to other cryptocurrencies as well.

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As this is the case, many players in the industry, including regulators, are now trying to figure out how do these offerings fit into the established legal framework. For OTC brokers in the EU, the most relevant legislation ... (read more)