The Jamaica Stock Exchange or JSE plans to offer cryptocurrency trading to its investors. The move would make JSE one of the first international stock exchanges to deploy an online digital currency and token trading platform.
The stock exchange, an associate member of the World Federation of Exchanges, has signed an MoU with Canadian Fintech company Blockstation to enable investors to trade blockchain tokens.
JSE noted that Blockstation's end-to-end, electronic communication network and order management system would facilitate trading, clearing and settlement of digital currencies for its clients within a recognized and secure regulatory framework.
JSE has completed a live workshop with an initial group of five broker members and representatives from local regulators. The Canadian company had also previously completed successful beta tests in Jamaica with participating institutions.
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