CFTC Issues Cryptocurrency Advice to Businesses

[kreslik.news]

The US Commodity Futures Trading Commission has issued an advisory notice regarding cryptocurrency products.

Specifically, the agency’s Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR) have offered CFTC-registered exchanges “guidance for listing virtual currency derivative products,” according to an official release dated 21.5.2018.

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What this means is advice on how to comply with CTFC rules when listing financial derivatives based on cryptocurrency. The information deals with a number of areas that require special attention. These are: enhanced market surveillance, close coordination with CFTC staff, trade reporting, and risk ... (read more)