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MTBankFX in Belarus To Launch Trade in Contracts for Bitcoin

MtBankFx | Belarus | Bitcoin Contract | Bitcoin news | Alexander Lukashenko

On May 7, 2018, customers of the Belarusian company MTBankFX will be able to trade bitcoin contracts. The company announced a new trading platform tool on its official website and made relevant changes to the “Rules of Operations”. Now the document specifies a contract for the price difference (CFD), the basic asset of which is the digital currency

According to official data, transactions can be made at any time – trade is available 24 hours a day. But on the weekend, open positions will be forcibly closed.

It is worth noting that MTBankFX is accredited as a Forex dealer in the territory of the Republic of Belarus and contributed by the National Bank to the relevant register. At the same time, the MTBankFX company, created by MTBank in partnership with Dukascopy Bank SA, is positioned as a provider of direct access to Forex through the Swiss trading platform SWFX, which specializes in institutional liquidity and instant execution.

Mtbankfx explains in its terms of service that its tools, including the BTC/USD tool with 1:3 leverage, are “available for transactions around the clock – from the opening of the market on Sundays at 21:00 GMT in the summer (22:00 GMT in the winter) until the market closes on Fridays at 20:00 GMT in summer/winter time.”

In January, Alexander Lukashenko, Belarusian president signed the decree “On the development of the digital economy” that legalized cryptocurrencies, initial coin offerings, and smart contracts. The decree went into effect in March.

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