JSE May Bring Cryptocurrency Trading to Market

The Jamaica Stock Exchange (JSE) has advised that they have signed a Memorandum of Understanding (MOU) with Blockstation to explore the possibilities of offering crypto-currency trading to investors. The release from the JSE further stated that the market will be notified of ongoing developments as the framework and platform to effect such trading is currently being examined. According to Marlene Street Forrest, the service would satisfy considerable investor interest in digital assets. Blockstation indicated that a live workshop on crypto-currency trading was conducted with a group of five JSE broker members and representatives of local regulators. However, the BOJ is skeptical about virtual currencies and has not formalized a policy regulating its use thus far, despite issuing a press release about the potential benefits that blockchain technology possess for financial inclusion. This is an interesting development that Investors should look at keenly based on the increasing popularity of blockchain technology and the potential impact it will have on payment processes and the capital markets. 

 

Source: JSE