CFTC

CFTC Chairman Encourages Further Cryptocurrency Derivatives Regulations

In a recent interview with Cheddar, Heath Tarbert, Chairman of the CFTC, sat down to talk about Phase 1 of the upcoming U.S.-China trade deal, slated to be signed on Wednesday of this week. According to Tarbert, the trade deal will “be an immense success,” and that once the agreement is signed, we’ll start to...
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US Congress to Consider Cryptocurrency Act in 2020

The U.S. cryptocurrency scene might be on the way to seeing clear cut crypto regulations as Congress prepares to consider a new bill detailing modalities for digital asset oversight. Clear Definition for Digital Assets According to Forbes, the proposed bill titled ‘Cryptocurrency Act of 2020’ seeks to provide a clear framework for crypto regulations in...
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Erisx Launches Regulated Bitcoin Futures Market

Crypto trading platform Erisx has launched a bitcoin futures market regulated by the U.S. Commodity Futures Trading Commission (CFTC). Its physically settled bitcoin futures contracts trade alongside its spot market which supports four cryptocurrencies. Erisx has obtained a license from the U.S. Financial Crimes Enforcement Network (FinCEN) and is currently approved to operate in 44...
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Bakkt Launches Bitcoin Options in US, Futures in Asia

Bakkt has launched two new regulated bitcoin derivatives products. Within hours of launch, Bakkt announced that over 1,000 futures contracts had been traded in Asia. The platform now offers four types of regulated bitcoin derivatives products: monthly and daily physically delivered bitcoin futures, cash settled bitcoin futures, and options on monthly bitcoin futures. Also read:...
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SEC Approves Bitcoin Futures Fund

The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets Bitcoin Futures...
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US CFTC Obtained Over $1.3B In Administrative Penalties This Year

The United States Commodity Futures Trading Commission (CFTC) managed to obtain more than $1.3 billion in administrative penalties throughout the fiscal year of 2019, new reports show. These included funds that the US CFTC collected from cryptocurrency operators, too. According to the annual report issued by the US CFTC for the 2019 financial year, the...
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Facebook Libra a Security? The Verdict Is Still Out in the U.S.

Stablecoin projects have typically been considered de facto currencies by many stakeholders in America’s nook of the cryptoverse, but that hasn’t stopped some officials from recently asserting that Facebook’s Libra stablecoin should be characterized as a security. Now, U.S. Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has waded into the discussion, noting in new remarks...
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CFTC Chairman: The US Should Lead the Rest of the World in Crypto Adoption

Heath Tarbert, the head of the U.S. Commodity Futures Trading Commission (CFTC) says the country should be at the forefront of global crypto adoption by creating innovative solutions in the emerging cryptocurrency space. The U.S. financial watchdog chief also wants regulators to move towards a more streamlined regulatory environment for digital assets in the United...
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CFTC Chairman: The United States Should Lead Blockchain Innovation

Heath Tarbert, the Chairman of the US Commodity Futures Trading Commission (CFTC), said at a conference yesterday that the country should increase its involvement in digital currencies and blockchain. He also called for action in terms of regulatory clarity. The U.S. To Lead Blockchain Innovations The chairman of the CFTC attended a conference on Tuesday...
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CFTC Chairman Urges America To Lead The Blockchain Race

Crypto exchange execs from South Korea were convicted by the South Korean court including the head of cryptocurrency exchange Coinup for fraud; he’s been sentenced 16 years in jail. The company’s vice president was sentenced 11 years in jail, and also eight other executives were given jail time. Let’s read further in the cryptocurrency news...
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CFTC Chairman: America should Lead the Blockchain Space

The CFTC (Commodity Futures Trading Commission) Chairman, Heath Tarbert, wishes that the US would take a more active role in the cryptocurrency/blockchain space, although he recognizes that the industry lacks clarity. The CFTC’s Heath Tarbert attended a conference this Tuesday, sharing his views on the state of the crypto/blockchain industry in the United States. According...
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Will ETH Futures Be Regulated In The Near Future?

Aztec Protocol, which is a smart contract backed privacy solution for Ethereum, officially kicked off the 30-day “Ignition Ceremony” which is a trusted setup process that will successfully underpin the AZTEC privacy features if even one of the effort’s 260-plus participants partakes in the ceremony honestly.Launched on October 25th, the Ignition event now puts AZTEC...
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The SEC Files Charges Against XBT Corp While CFTC Settles

The Securities and Commodities Authority (SCA) in the United Arab Emirates recently drafted a resolution on regulating the cryptocurrency assets. As UAE accepts crypto regulation, everyone expects greater clarity for the crypto-related projects in the Middle East.The main focus, as the blockchain news now show, will be the improved regulations. Even though the focus usually...
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SEC’s aggressive enforcement, Jay Clayton’s chairmanship slowing down cryptocurrency market

The role of regulations for cryptocurrency adoption is pivotal as policies decide the level of exposure the cryptocurrency space can get in front of the general population. The United States’ Securities and Exchange Commission has been one of the most active regulators in this regard, with many of its members gaining an interest in the...
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Bitcoin Futures Launch Allegedly Triggered the 2018 Crypto Winter

Many people wonder why the cryptocurrency boom of 2017 came to such an abrupt halt. The obvious reason would be because speculators came to their senses and cashed out. It now seems the Trump administration may be to blame for this unfortunate series of events. The futures products, which were designed to take cryptocurrency mainstream,...
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Are Bitcoin Futures One Big Market Manipulation Scheme?

Some still assert that the launch of two bitcoin futures products crashed markets in 2017 as it was the first time investors could short the asset. What they have done has completely changed the landscape two years later. Futures Changed Bitcoin Landscape According to ‘Skew Markets’, futures products improved the price discovery for bitcoin especially...
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Monero, privacy-coin usage impairing tracing in the space: FinCEN officer

Recently, Compliance and Enforcement Officer of the U.S. Department of Treasury – FinCEN, Kevin O’Connor, spoke at a panel discussion organized by the Chamber of Digital Commerce regarding crypto-regulations and legislations. During the discussion, O’Connor said that businesses engaged in activities conducted via convertible virtual currencies were covered under FinCEN’s money transmission rules. He also...
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CFTC Chairman Heath Tarbert Expects Ethereum Futures to Arrive by 2020

The CFTC chairman is optimistic that Ethereum (ETH) futures contracts could be coming soon within next six to twelve months i.e. in 2020. Heath Tarbert, the chairman of the United States Commodities and Futures Trading Commission (CFTC) says that the first Ethereum futures will arrive by 2020. Just ten days back, the CFTC chairman confirmed...
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CFTC Chairman: Cryptoassets Other Than BTC and ETH Can Become Commodities

Heath P. Tarbert, Chairman of the U.S. Commodity Futures Commission says cryptos classified as security tokens can become commodities. The CFTC chief also revealed that Ethereum futures may hit the market within the next 12 months. Crypto Transmutation from Security to Commodity is Possible Speaking at the DC Fintech Week on Monday (October 21, 2019),...
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CFTC chairman says Ether futures to be seen in 2020

CFTC chairman, Heath Tarbert said on October 21 at the DC Fintech Week that Ether futures contracts are likely to be seen at some point during 2020, possibly within the next six to twelve months. He did note, however, that no company has made any move to signal that they would be launching such a...
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Why Bear Market Ethereum Futures Are a Better Bet That Bitcoin’s

The Commodity Futures Trading Commission (CFTC) is confident that Ethereum futures are likely to arrive in 2020. This could be good timing if altseason fails to materialize in the next few months and Ethereum prices remain low.Ethereum Futures Next YearAt a fireside chat during the first day of DC Fintech Week, CFTC Chairman Heath Tarbert...
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Alleged Las Vegas Scammer Charged for $11 Million Crypto Binary Options Ponzi

A Las Vegas man is charged with raising at least $11 million from cryptocurrency investors he promised to trade binary options for, and make gains of up to 300%. According to the charges the money was sent from new clients to previous ones in a classic Ponzi scheme manner. Also Read: Binance to Add Bitcoin...
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Rare Joint Statement From U.S. Regulators Proves Crypto Centralization Is Here

The U.S. SEC, Fincen and CFTC issued a rare joint statement Friday addressing regulation of “activities involving digital assets.” Citing crypto’s perceived role in money laundering and terrorism, the regulatory power trio prescribed stricter adherence to anti-money laundering (AML) policies and know your customer (KYC) protocols. The statement is a highly visible product of the...
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Where US Regulators Stand on Crypto Assets

The U.S. has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated. Major regulators in the U.S. with strong opinions on cryptocurrency include the SEC, the CFTC, the Federal Reserve, Fincen, and the IRS. Also read: Tax Guide: What Crypto Owners Should Know...
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CME Group Says Institutional Players Have Increased Appetite for Bitcoin Futures Contracts

According to the CME Group, big institutional investors have increased their need for futures and options offerings by more than half. The Chicago Mercantile Exchange (CME) Group, a global derivatives marketplace with a wide range of futures and options products, has said that in the last quarter, its Bitcoin futures offering has increased considerably in...
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SEC, CFTC and FinCEN Release Joint Statement for Crypto Regulation

Three major financial regulators released a statement specifically to the crypto sector, explaining that all financial institutions must follow laid down banking laws. A joint statement on the use of digital assets and specific laws operators must abide by, has been released. On Friday the 11th, three of the most binding regulatory authorities in the...
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Regulatory Authorities Issue Stern Warning on Compliance to Crypto Firms

Cryptocurrency companies that fault guidelines by regulatory authorities will find it hard to operate, following a warning by the Chairman of the U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) together with Financial Crimes Enforcement Network (FinCEN) Director. In a joint statement issued on October 11, 2019, the three regulatory bodies...
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How Severe Is Roche Freedman’s Lawsuit Against Tether and Bitfinex?

Litigation firms files lawsuit against Tether and Bitfinex, as legal experts debate whether the companies manipulated the value of USDT. At the start of October, New York-based legal firm Roche Freedman filed a new class-action lawsuit against stablecoin firm Tether and digital currency exchange Bitfinex. The case accuses the aforementioned entities of manipulating the market...
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SEC, CFTC, FinCEN Warn Crypto Industry to Follow US Banking Laws

news The heads of three U.S. financial regulators warned the cryptocurrency industry to abide by banking laws in a joint statement published Friday. The statement, signed by Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert, Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco and Securities and Exchange Commission (SEC) Chairman Jay Clayton, “reminds” actors in...
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CFTC Chairman Confirms That Just Like Bitcoin, Ethereum Is Also a Commodity

The CFTC chairman confirmed that Ethereum qualifies to be a commodity and all the forked assets like the Ethereum Classic shall be subjected to similar regulatory considerations. According to the latest report from Yahoo Finance, the chairman of the United States Commodities and Futures Trading Commission called Ethereum (ETH) a commodity. Speaking at the Yahoo...
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