29 May '18, 7pm

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BITCOIN FUTURES REVIEW US Commodities Regulator Beefs Up Bitcoin Futures Review The Commodity Futures Trading Commission (CFTC) is developing a "heightened review process" for cryptocurrency futures though it will continue to allow exchanges to self-certify products, Chairman J. Christopher Giancarlo announced last week.As reported by Reuters, Giancarlo introduced a checklist during a conference speech in Florida pertaining to Designated Market Contracts (DMCs) and Derivatives Clearing Organizations (DCOs). The aim is to assist regulators as exchanges introduce new products around cryptocurrencies into the market.The chairman's speech came after some pushback tied to the CFTC's handling of the December launch of bitcoin futures by the Cboe Global Markets and the CME Group, after which the Futures Industry Association (FIA) expressed concern over potentially having to pay f...

Full article: http://www.afternic.com/domain/bitcoinfuturesreview.com

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