CFTC

  • CFTC Chair: Bitcoin Crypto Asset Could Have Thwarted the 2008 Financial Meltdown

    United States Commodity Futures Trading Commission (CFTC) Chairman J. ChristopherGiancarlo believes that blockchain and cryptocurrencies would have enhanced the regulator’s response to the 2008 financial meltdown.

    Jun 6, 2019
  • Facebook in Talks with CFTC on the Future of Globalcoin Crypto

    Social media giant Facebook Inc. is in talks with the US Commodity Futures Trading Commission (CFTC) about the future of its cryptocurrency project, according to a report from the Financial Times on Sunday. The FT said that the talks were “a sign of how the world’s largest social media platform is laying the groundwork for an ambitious push into payments,” although CFTC Chairman Christopher Giancarlo said that the conversations between the two entities are still in “very early stages.” “We’re very interested in understanding it better,” he explained, adding that it’s far too early to make any decisions. “We can only act on an application, we don’t have anything in front of us.” Globalcoin May Not Fall Under the CFTC’s Scope, But Facebook is Taking a ‘Better-Safe-Than-Sorry’ Approach Facebook is working on issuing a cryptocurrency that is reportedly known internally as “GlobalCoin.” The cryptocurrency will be a stablecoin (a cryptocurrency with a set value) and will initially be usable on Facebook and Whatsapp, Facebook’s encrypted messaging subsidiary. Eventually, however, it seems that Facebook is hoping that the crypto will be used across the internet….

    Jun 3, 2019
  • US: SEC and CFTC Aim for Literacy in Digital Assets, Blockchain Analysis

    The chairmen of two United States financial regulators, the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) testified before Congress, May 8.

    May 9, 2019
  • HSBC Exec Urges CFTC to Make More ‘Positive Noise’ About Blockchain

    A banker from HSBC urged the U.S. Commodity Futures Trading Commission (CFTC) to make more “positive noise” about distributed ledger technology (DLT), in order to encourage adoption by hesitant businesses.

    Mar 28, 2019

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