the The US securities and exchange Commission Commodity Futures Trading Commission (CFTC), responsible for the regulation of derivatives, seems to be on the approval of Ethereum Futures thinking. Now she asks for Feedback to improve their understanding of the ETH.
David-separator
12. December 2018ShareFacebookTwitterLinkedInxingemail
news like this would have taken care of at the time (especially during the Golden months of 2017) and have a veritable Price explosion: The US Supervisory authority CFTC is thinking about the approval of ETH Futures. Until it is so far, but need to be taken a number of hurdles. The regulatory process provides for initially a so-called Request for Information (RFI).
the competent regulatory authority is asking, in this case the CFTC, to constructive Feedback from the population.
“The Commodity Futures Trading Commission (CFTC) is asking the Public for Feedback, to increase your understanding […] for the technology, the Mechanics and the markets for virtual currencies [such as Ether] and their use in the Ethereum network,”,
it is said in the press release of 11. December.
Now, investors have 60 days time, their feedback on an official form to submit. Feedback is desirable, therefore, to issues such as the technological bases, Investment opportunities, risks, Use Cases and the development of the market of Ether.
The comments of the authority on plays at first, the LabCTFC. This is a kind of Task Force that specializes in the regulation of young FinTechs, as well as dealing with rapid Changes in the market conditions.
“LabCFTC has made it their mission to promote innovations in the field of financial technology (“FinTech”), and to ensure that we have the regulatory and technological instruments, in order to keep up with the changes of the markets.”
The CFTC is progressive, on-the-go
The openness that puts the CFTC in the day, throws a positive light on the authority. Also, the establishment of the LabCFTC suggests that the CTFC wants to tackle the subject of crypto-derivatives proactively.
so Far, there is only Bitcoin Futures. Trading in futures contracts on the underlying value of Bitcoin is currently, however, only on the Chicago Board of Options exchanges, CBOE and CME.
as of the 24. January, however, the hotly-anticipated BAKKT Bitcoin Futures at the Start.
