Crypto Is Banned in Morocco, but Bitcoin Purchases Are Soaring
Peer-to-peer bitcoin trading volumes steadily increased in the country during the last three years.
BBVA said the service will be available only to clients in Switzerland because of the country's clear regulations and the widespread adoption of digital assets.
A bullish bet on the cryptocurrency was also the most crowded trade in January.
The approval to trade the leading cryptocurrency was given by CIO Dawn Fitzpatrick, according to the report.
The agency told banks they should consult their legal and compliance departments on whether they should block transactions on their own systems.
CME's micro futures contract will provide institutions and individual traders one more tool to hedge their spot market risks.