One of the top market regulators in the US said this week that cryptocurrency is a “technological revolution” that will one day be a part of every national economy. Speaking on Monday before the BFI Summit at the United Nations, Commodity Futures Tradi…
The top US markets regulator has issued new guidance to exchanges and other trading platforms that are interested in listing bitcoin futures and other cryptocurrency derivatives products. The Commodity Futures Trading Commission (CFTC) released this ne…
The chairman of the Commodity Futures Trading Commission (CFTC) said this week that cryptocurrency is a generational interest and that regulators need to treat it with respect. J. Christopher Giancarlo, who was sworn in as a CFTC commissioner in 2014 a…
US federal securities and commodities regulators are quietly examining whether ethereum (ETH), the world’s second-largest cryptocurrency, should be classified as a security. According to the Wall Street Journal, regulators at the Securities and Exchang…
Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo said that bitcoin bears several similarities to gold, although it has elements of many different asset classes. Giancarlo, to whom many cryptocurrency enthusiasts affectionat…
The top markets regulator in the United States has confirmed that he will retire following the expiration of his term in 2019, depriving the cryptocurrency industry of one of the Washington establishment’s friendliest voices. Speaking with financ…
The two most valuable altcoins are most likely “noncompliant securities” under US law, claims a former markets regulator. Gary Gensler, a former head of the Commodity Futures Trading Commission (CFTC), said that he believes Ether and XRP have been issu…
As commodities regulators go, few have managed to attain the cult following that US Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo has assembled in recent weeks. However, the markets supervisor — nicknamed “cryptoda…
The U.S. Commodity Futures Trading Commission (CFTC) ordered Bitfinex, a Hong Kong-based bitcoin exchange, to pay $75,000 for offering illegal, off-exchange, financed retail commodity transactions in cryptocurrencies, and for failing to register as a futures commission merchant (FCM) as required by law, according to a CFTC press release. The order requires the exchange to […]
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In a breakthrough special address to the Depository Trust & Clearing Corporation 2016 Blockchain Symposium, CFTC Commissioner J. Christopher Giancarlo, signalling the changing attitude of regulators towards blockchain technology, called on regulators to follow private sector innovation, and not lead, to adopt a light touch approach and to primarily follow the philosophy of “do no […]
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Paul Chou, CEO of LedgerX and the bitcoin advisor to the U.S. Commodities and Future Trading Commission (CFTC), says companies trying to use the blockchain without bitcoin are seriously misguided, and so far the concept is unproven, according to New York Business Journal. Chou says bitcoin and blockchain are inextricably linked and must remain as […]
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The U.S. Commodity Futures Trading Commission (CFTC) will meet on Jan. 26 to review the dual capabilities of bitcoin and the blockchain for the derivatives market. The commission appointed Paul L. Chou, CEO and founder of Ledger X, as a bitcoin trading expert to its technical advisory committee. The meeting will be from 9:45 a.m. […]
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A commissioner of the Commodity Futures Trading Commission (CFTC) has spoken about the inadequacies and inefficiency of the current “closed ledger” banking system. He adds that distributed open ledgers could revolutionize financial ecosystems while noting certain “disruptive” implications for the current financial industry and those who are a part of it. Commissioner J Christopher Giancarlo spoke about bitcoin and the blockchain in a wide-ranging lecture on Fintech and international finance at the Harvard School of Law on December 1st. In a guest lecture that began with a disclaimer that his views did not constitute those of the CFTC, a CFTC […]
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Bitcoin is now a commodity according to the Commodity Futures Trading Commission (CFTC). On Thursday the organization publicly stated it had settled with a Bitcoin exchange for trading option contracts after an enforcement case against a Bitcoin operator. “In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,” according to the press release. CFTC now has authority to oversee cryptocurrency futures and options. Bitcoin derivatives and futures platforms must register as a swap execution facility or designated contract market. “While there is a lot of excitement surrounding Bitcoin and other […]
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