Cryptocurrency has received another guidance from the US Regulator
– The U.S regulator has issued guidance for the new cryptocurrency contracts.
– New guidance has been published by the U.S CTFC.
– Director Amir Zaidi heads the CTFC in issuing these guidelines to the cryptocurrency firms.
As per their statement, the United States Commodity Futures Trading Commission (CFTC), aims to aid the trading market participants and lower down the risk involved in virtual currency exchange. The government agency has published its new guidance regarding the exchanges and clearing.
This was a much-awaited motion by the trading industry. According to the head of CFTC, investors who want to launch cryptocurrency derivative contracts will now be able to monitor the entire cryptocurrency spot markets. Making them a bigger part of the market, and making it more transparent to them.
Ever since 2015, the CFTC has long decided that Bitcoin will be considered a commodity.
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