This is no doubt exciting stuff, and since the announcement in April, there has been a lot of buzz in the business community in Jamaica, as Jamaican companies and investors are fascinated while still cautious and, in some cases, sceptical about this new trading platform that will be rolled out by the JSE, and the new opportunities that this platform will bring. Confed Heats Up! Please do not write in block capitals since this makes your comment hard to read. It will have a mobile-based application for buying and selling virtual currencies called Bison, as well as a specialized platform to handle ICOs and a custody and trading venue for cryptocurrencies. Related Articles. It is arguable therefore that a cryptocurrency transaction would fall within this definition. The JCSD has managed the clearing, settlement and custody of cash and digital currencies, and overseen compliance reporting and reconciliation.
Jamaica Stock Exchange exploring cryptocurrency trading
Monday, Jxmaica 20, Through this agreement, JSE may become jamaica stock exchange cryptocurrency of the first international stock exchanges to deploy an online digital currency and token trading platform, including trading, quotes, execution and settlement services, in a format that aligns with current regulatory and compliance standards. JSE said the market will be notified of ongoing developments as the framework and platform to effect such trading is currently being examined. Now you can read the Jamaica Observer ePaper anytime. We welcome reader comments on the top stories of the day. Please understand that comments are moderated and it is not always possible to publish all that have been submitted.
Successful Pilot Paves Way for Security Tokens Listing
The Jamaica Stock Exchange is set to become one of the first international brokerage facilities which plan to introduce regulated trading of cryptocurrencies. The collaboration was cemented yesterday through a signed Memorandum of Understanding MoU. The purpose of this newly-formed partnership is to enable JSE to become one of the first international brokerage facilities which are set to introduce fully regulated trading of cryptocurrencies. Purportedly, the exchange is exploring options to competently facilitate clearing, trading, as well as the settlement of cryptocurrencies for its clients and broker-dealers. Furthermore, Blockstation has supposedly completed successful beta tests previously with institutional participants and has provided JSE with training and support. We are excited to implement this service with our clients, satisfying considerable investor interest in digital assets.
Growing Global Trend
Jamaica Stock Exchange has announced an expansion of the trading services with cryptocurrencies. According to the news reports, the platform and blockchain jamaica stock exchange cryptocurrency Blockstation have signed an MOU under jamxica they will establish a new exchange for digital assets trading.
The new project will be launched till jamaica stock exchange cryptocurrency However, the list of coins is yet to be unveiled by the company. The Exchange fxchange that the digital coins as an investment product can be a ceyptocurrency expansion of the services on the platform. For now, JSE deals with shares, bonds and other tools. Under cryptockrrency agreement, Blockstation will be a supplier of technologies for the projects while the exchange own infrastructure will be networked to the project, so investors will be able to deal with cryptos.
Besides, JSE is said to keep exploring advantages that blockchain can bring. Moreover, it even considers the possible launch of own coin in the long run. It is worth mentioning that Jamaica exchange plans to work on the project thoroughly, cryptofurrency special focus to be made on investors’ protection.
Crypto prices have collapsed on Tuesday. BitForex reportedly froze MFG token trading just after 13 days from the start. There were no notifications or announcements on the platform. At the same time, for now, the token has disappeared from the listing, while BitForex probably still holds some deposits. As a result, users express concerns that the platform can illegally grab money.
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JSE has been working with Blockstation by completing tests and hosting a successful live workshop with brokerage members and local regulators. The two organizations believe the agreement will be a milestone as it could become the first international stock exchanges that will allow cryptocurrency trades. Sstock smell interrupts Georgia parliament session. Reggae Boy Vassell signs on as new Gatorade brand ambassador. Express yourself freely at Bitcoin. News in your inbox For Finextra’s free daily newsletter, breaking news and flashes and weekly job board. Dec 6,
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