S. Korean Financial Authorities Ban Bitcoin Futures Trading

The Financial Services Commission of Korea issued the directive that bans securities firms from intermediating bitcoin futures transactions, according to securities industry sources on December 6. This is because it doesn’t recognize bitcoin as an underlying asset of derivative products so bitcoin cannot be a subject for futures trading.
Read more: http://www.businesskorea.co.kr/english/news/money/20022-trade-bitcoin-futures-s-korean-financial-authorities-ban-bitcoin-futures-trading?source=Snapzu