Category: CFTC
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Bakkt Bitcoin Futures to Start Trading in December
Intercontinental Exchange has announced that its Bakkt Bitcoin Daily Futures Contract will start trading on Dec. 12. Each trade “will result in physically delivered bitcoin” and will trade in U.S. dollar terms, the firm explained, adding that one contract will be listed for trading each exchange business day. Also read: Yahoo! Japan Confirms Entrance Into the Crypto…
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Crypto Money Laundering Rules to Be In Place by June, Says FATF
Paris-based global money laundering watchdog organization Financial Action Task Force (FATF) laid out requirements on Friday for jurisdictions across the globe, saying they would have to license or regulate their crypto exchanges. FATF amends its global Standards to address the regulation of virtual assets and prevent their misuse for #moneylaundering and #terroristfinancing ➡️https://t.co/R5R7j484Td pic.twitter.com/mOqeY25aJd —…
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Former CFTC Chair Advocates ‘Technology Neutral’ Cryptocurrency Regulations
The former chairman of the United States Commodity Futures Trading Commission (CFTC), Gary Gensler, recently expressed his views on the regulation of cryptocurrency markets. Gensler emphasized his belief in the need for robust consumer protections, and also argued that the majority of initial coin offerings essentially comprise initial public offerings (IPOs). Also Read: Two US States…
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Bakkt Ramps Up to Launch by December, Adds Coinbase Executive as COO
Bakkt, the prospective powerhouse of institutional cryptocurrency sponsorship, is adding Chief Operating Officer the fifth-ever employee and General Manager of Coinbase, Adam White, and revealed that they expect its full range of trading services will hit the market as early as December. Welcoming White in a post on Medium, Bakkt CEO Kelly Loeffler nodded to the…
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Report: Crypto Theft Hits Nearly $1 Billion in First 9 Months of 2018
A report released by cybersecurity company CipherTrace on Oct. 9th revealed that cryptocurrency theft via hacking attacks on exchanges and trading platforms was up 250 percent since 2017, totaling $927M in the first nine months of 2018. A Massive Uptick The data was part of CipherTrace’s Q3 anti-money laundering report, which also found that almost…
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Regulations Roundup: Crypto-Intermediaries in France, SEC Deadline for Rejected ETF Commentary
In recent news pertaining to cryptocurrency regulations, French lawmakers are considering a proposed amendment that would introduce a regulatory framework for crypto-asset intermediaries; the U.S. Securities and Exchange Commission (SEC) has announced October 26th as the deadline for the submission of public comments relating to the nine exchange-traded funds (ETFs) it recently rejected; and a…
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Yale University Delves Into Cryptocurrency Market
U.S. Ivy League school Yale University has allocated money from their sizable endowment to invest in digital asset investment fund Paradigm, Bloomberg reports. An Ivy League Endorsement Paradigm was started by Fred Ehrsam, co-founder of Coinbase, along with Mark Huang of Sequoia Capital and Charles Noyes, formerly of Pantera Capital. According to reports, the fund…
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Four Court Cases Confirm Cryptocurrencies Are Commodities in the US
Cryptocurrencies are commodities, according to four court cases involving the U.S. Commodity Futures Trading Commission (CFTC). A federal judge recently ruled that a token is a commodity, certifying the CFTC’s authority to prosecute fraud and manipulation in the crypto space. In her ruling, the judge cited three other crypto-related cases that arrive at the same…
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CFTC Chairman Says Crypto is ‘Here to Stay’, Federal Court Declares Virtual Currencies are Commodities
In an interview with CNBC’s Fast Money on Monday, Commodity Futures Trading Commission (CFTC) Chair J. Christopher Giancarlo discussed cryptocurrencies, saying he thought they were here for the long haul. Could help in countries with weak currencies Giancarlo said during the interview that he thought the countries who could use cryptocurrencies the most were those…