CFTC to Discuss Bitcoin Among Other Things At Meeting Next Month

CFTC to Discuss Bitcoin Among Other Things At Meeting Next Month

In a news release published today, the United States Commodity Futures Trading Commission (CFTC) announced plans to hold a meeting at its headquarters in Washington, D. C. next month to discuss Non-Deliverable Forwards (NDFs) and bitcoin. Maybe you're asking yourself, what in the world is a NDF? I, too, had the question. Here's what came up, according to the NASDAQ glossary: Agreement regarding a position in a specified currency, a specified exchange rate, and a specified future settlement date, that does not result in delivery of currencies. Rather one party in the agreement makes a....


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