Published On: Tue, Jun 12th, 2018

Bitcoin Futures Could Spur Bank Ratings Downgrades

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Rating agencies may downgrade banks that clear bitcoin futures if these financial products continue to see increasing volumes over the coming months. Financial publication Risk.net reports that each of the three large rating agencies — Standard and Poor’s, Moody’s, and Fitch — have expressed concern over increasing volume in bitcoin futures markets, which are currently
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