On September 10, 2015, the CFTC announced the approval of the application of LedgerX LLC for temporary registration as a swap execution facility. LedgerX is a Delaware limited liability company and wholly-owned subsidiary of NYBX Inc., a corporation based in Delaware. Following the approval for temporary registration, the CFTC will undertake a further substantive review of the company's application for full registration. If approved, LedgerX would be the first federally regulated bitcoin options exchange and clearing house that would list and clear fully-collateralized, physically-settled bitcoin options for the institutional market.

The press release is available at: http://www.cftc.gov/PressRoom/PressReleases/pr7226-15 and the CFTC staff letter is available at: http://www.cftc.gov/ucm/groups/public/@lrlettergeneral/documents/letter/15-49.pdf.

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