CFTC Acknowledges Bitcoin's Long-Term Promise at DC Hearing
The US Commodity Futures Trading Commission (CFTC) held a meeting yesterday in Washington, DC, to discuss bitcoin as it relates to the agency's role as the country's chief futures and options regulator. Panelists for the CFTC event included Coin Center executive director Jerry Brito. New York Law School professor Houman Shadab. BitPay chief compliance officer Tim Byun; and TeraExchange president and co-founder Leonard Nuara. While only covering basic elements about the subject and sidestepping larger questions about bitcoin's classification as a currency or commodity, the roughly two-hour....
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The US Commodity Futures Trading Commission's (CFTC) Technology Advisory Committee discussed how blockchain applications could reshape the derivatives market at a meeting today in with special attention was paid to the need for industry standards and collaboration. The hearing, originally announced in January but later postponed, featured testimony from representatives from both traditional finance firms as well as startups in the blockchain space. Notably, the CFTC commissioners present indicated a willingness to avoid cumbersome regulatory demands on the still-nascent technology, with....
It's not everyday you get comments from the Federal Reserve chairman Ben Bernanke. Further, it's even rarer to get a comment from the man on Bitcoin. But that's exactly what has happened. The Fed chairman today released a letter ahead of today's Bitcoin hearing, with an interesting statement that Bitcoin "may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system." The letter, which is posted below in its entirety, also notes that the "Federal Reserve has focused primarily on a supervised banking organization's role in the....
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 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....
In Bitcoin, the promise of a limited supply is great. This was one of the biggest things that initially appealed to me when I heard about Bitcoin. “No more than twenty one million bitcoins will ever exist!” But can this promise be kept in the long run? Has the Promise Already Been Broken? Some would […] The post 21M Bitcoin and the....