![](https://clsbluesky.law.columbia.edu/wp-content/uploads/sites/2/2018/12/reiners-e1544569580973.jpg?w=112&h=139&crop=1)
Bitcoin Futures: From Self-Certification to Systemic Risk
December 2017 marked a milestone in the short history of virtual currency. On Friday, December 1, 2017, the Chicago Mercantile Exchange Inc. (CME) and the CBOE Futures Exchange (CFE) self-certified new contracts for cash-settled bitcoin futures products. The self-certification process …