ICE Pushes for Bakkt Bitcoin Custody License — CFTC Approval Imminent?
Cointelegraph
Published May 13, 2019 04:20AM ET
Updated May 13, 2019 04:43AM ET
ICE Pushes for Bakkt Bitcoin Custody License — CFTC Approval Imminent?
The Intercontinental Exchange (ICE (NYSE:ICE)) is reportedly taking steps to ensure approval from the United States Commodity Futures Trading Commission (CFTC) for its bitcoin futures contracts platform — Bakkt. ICE, the operator of the New York Stock Exchange (NYSE), recently acquired a cryptocurrency custodial service and are mulling plans to register Bakkt as a licensed trust in the state of New York.
If successful, these latest moves would see Bakkt become a registered bitcoin (BTC) custody platform. Recent reports also indicate that the company is in partnership with Bank of New York (BNY) Mellon for the storage of cryptocurrency security keys.
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Written By: Cointelegraph
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