A number of Bitcoin holders are expressing their displeasure over the green light received by Wall Street to enter the Bitcoin market. Their concern is that allowing banks entry into the Bitcoin market is an indirect way of introducing corruption into the system, which they feel could lead to price manipulation in the long run.
The Commodity Futures Trading Commission (CFTC) on Friday made public that it was going to grant permission to CME Group and CBOE Global Markets to list bitcoin futures. This development would make CBOE and CME the first traditional exchanges in the U.S. to offer trading in financial products related to Bitcoin.
Damn the Man – Keep Bitcoin Free
According to American Banker, some supporters of the digital currency are of the opinion that this initiative could mark the end of Bitcoin’s freedom and decentralization. They are already spilling their bile over this perceived attempt by the authorities to offer Bitcoin on the altar of slavery. They feel that it is an attempt by the banks to usurp control of the digital-asset market…