On: Show HN: Bitcoin derivatives – call and put options

[jboggan]

What's the legality of this operation in terms of your base of operation and location of customers you are serving? Did you guys have to get a MSB license or similar oversight? Or do you think this falls into an unregulated area?

Edit: I also wanted to add, are you serving as counterparty to any customer transactions (for providing liquidity) or are you working with any sort of market makers?

[ciscoriordan → jboggan]

We only support Bitcoin derivative instruments, which we believe to be under the CFTC's jurisdiction (http://www.law.cornell.edu/uscode/text/7/2).

[jboggan → ciscoriordan]

Did you guys already get registered as a designated contract market?