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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The US Commodities Futures Trading Commission (CFTC) recently held a meeting on Bitcoin. The public meeting was held by the CFTC's Global Markets Advisory Committee (GMAC) and was sponsored by CFTC Commissioner Mark P Wetjen. The meeting was first called in September to discuss whether or not the CFTC has jurisdiction over Bitcoin derivatives. The CFTC was joined by expert panelists including Coin Center's Jerry Brito, Law Professor Houman Shadab, TeraExchange's founder Leonard Nuara, and BitPay's Chief Compliance Officer Tim Byun. Together, the group discussed Bitcoin futures' future and....
The US Commodity Futures Trading Commission (CFTC) will discuss the application of blockchain technology in derivatives markets during a meeting of its Technology Advisory Committee later this month. According to a notice published today, the hearing will take place on 26th January at the agency’s Washington, DC headquarters. The meeting is open to the public. The notice states: "The TAC will discuss: (1) the Commission's proposed Regulation Automated Trading ("Reg AT"); (2) swap data standardization and harmonization; and (3) blockchain and the potential application of distributed ledger....
The US Commodity Futures Trading Commission (CFTC) has announced that it will hold a public meeting to discuss bitcoin and digital currencies on 9th October in Washington, DC. Created in 1975, the US CFTC is an independent federal agency that regulates the country's futures and options markets. The meeting will be presided by the CFTC's Global Market Advisory Committee, a group that advises the organisation on issues related to market integrity and competitiveness. The CFTC indicated that the meeting will consist of two panels, one of which will focus on examining bitcoin and questions....
The Commodity Futures Trading Commission is set to meet this October to discuss its jurisdiction over bitcoin futures. Through its Global Markets Advisory Committee, the CFTC will have a meeting with two panels, all of which will be open to the public. The meeting will take place on October 9th, 2014 at the CFTC Headquarters in Washington DC. The upcoming meeting marks the first time that the regulator is publicly wading into the area of bitcoin regulation. There has been a growing demand for bitcoin futures from global merchants, miners and hedge funds for an efficient hedging tool. In....
A commissioner of the Commodity Futures Trading Commission (CFTC), Mark Wetjen, has spoken out in favour of flexible bitcoin regulation in the derivatives space and beyond. His statements came in the aftermath of a CFTC webcast, organised last week to discuss a number of questions related to digital currencies. On the day, more than 5,000 people across the world tuned in to watch the event, which was by far the largest online audience attracted by a CTFC meeting to date. Notably, more of the viewers were from Guangzhou, China, than Washington, DC, according to the commission. Wetjen has....