The CFTC Allows Employees to Trade in Cryptocurrencies

[kreslik.news]

The Commodity Futures Trading Commission (CFTC) has permitted its employees to invest in cryptocurrencies, reported Bloomberg. This decision came weeks after the commodity watchdog took the responsibility of overseeing the Bitcoin futures market.

However, any investment in Bitcoin futures that the CFTC policies, along with the buying and selling on margins, are prohibited because of the regulator’s ethics guidelines.

This decision was taken after the ethics office of the CFTC received numerous queries from its staff asking about the legality and the morality of involvement in such trading practices, according to a memo issued on the 5th of February by ... (read more)