Crypto News

The Commission for futures U.S. CFTC is ready to approve the launch Ethereum futures

Trade Commission commodity futures U.S. (CFTC) is ready to give its approval to launch regulated futures Ethereum if they met all of the prerequisites, writes CoinDesk , citing a senior official, speaking on condition of anonymity because the Agency does not normally disclose such information.

“I believe that we can live tied to ether derivatives under our jurisdiction, he said.

We do not make straightforward statements, but we submitted our application. Comes to us derivative exchange and says he wants to launch a certain product. If they offer such a derivative that will satisfy our requirements, I think that with high probability we’re going to run it on the basis of self-certification”.

Research Director at digital currency provider financial software Tradeblock John Todaro claims that the launch of such a tool will allow hedge funds to interact with the broadcast without having to worry about storage and can even affect the decision of the Commission on securities and exchange Commission (SEC) with regards to the ETF, and to increase the level of confidence in bitcoin among retail investors.

In December last year, the CFTC addressed the public to give comments regarding the number of Ethereum factors, starting with the principles of operation mechanism of consensus and auditing of deposits and to the potential impact of the launch of derivative contracts on the market of cryptocurrencies.

The response regulator was given by 35 industry representatives, including:

  • Coinbase
  • Chamber of digital Commerce
  • organization Coin Center
  • Blockchains LLC,
  • Circle,
  • and even the self-proclaimed bitcoin Creator Craig Wright.

The Chicago derivatives exchange ErisX, in turn, drew the attention of the regulator that “the lack of regulatory certainty in some cases limits the ability to carry out operational activities of enterprises, especially in regulated businesses,” while a lot of “unregulated or poorly regulated “exchanges” and “brokers”” went to the market to fill the gap. ErisX urged the CFTC approve futures contracts on Ethereum, which the company believes can help further streamline this market.

Publication date 07.05.2019
Share this material on social networks and Express their opinions in the comments below.

Source:mining-cryptocurrency.ru

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Please disable your ad blocker

We know you are here for the stories. Not the ads. But we need the ads to keep the lights on. So please whitelist Buzzon.live.