Distributed Ledger Tech can Automate Regulation, Says CFTC Chairman

Twitter Facebook LinkedIn As FinTech continues to reimagine new business models for finance, a high-profile financial regulator believes it can also be used to enforce derivative laws more effectively. J. Christopher Giancarlo, the chairman of the US Commodity Futures Trading Commission (CFTC), highlighted distributed ledger technology (DLT) and how it can automate regulations for derivative markets while …

Decentralized[?] Ethereum Exchange IDEX to Force New IP Blocks, KYC

Twitter Facebook LinkedIn IDEX, formerly known as a “decentralized” Ethereum exchange (DEX), has announced that its service will soon feature expanded regional restrictions and KYC policies comparable to those enforced on most centralized cryptocurrency trading platforms. Ethereum Exchange IDEX Moves to Comply with Crypto Regulations The operator of IDEX, the Panama-registered Aurora Labs S.A., announced …

CFTC Cracks Down Harder on Cryptocurrency Fraud Under Trump

The Commodity Futures Trading Commission (CFTC) has bolstered its police actions in the last fiscal year, driven largely by cryptocurrency cases, according to The Wall Street Journal. Under President Trump, the federal derivatives market regulator levied about $900 million in civil penalties in 2018 alone, exceeding the annual amount in five of the eight years …

We’re ‘Thrilled’ That Regulators Are Getting Involved in Crypto: Ripple Exec.

There’s a deep divide within the cryptocurrency community about whether increased attention from regulators is a positive step in the industry’s maturation process or an unnecessary roadblock to innovation. Ripple, the San Francisco-based blockchain startup and majority owner of the “bank-friendly” XRP cryptocurrency, has always tended toward the former view. Speaking during a recent interview …

CFTC Issues New Warning on Utility Tokens & Other Cryptocurrencies

The United States Commodity Futures Trading Commission (CFTC) has issued another warning to consumers, advising them to exercise caution and carry out comprehensive research before investing in any cryptocurrencies, including those advertised as utility coins or consumption coins. The alert, which came in the form of a Customer Advisory warning posted on the CFTC website …

JPMorgan Fined $65 Million for Manipulating US Dollar Benchmark

Open Positions at CCN: Full Time and Part Time Journalists Wanted. The Commodity Futures Trading Commission (CFTC) on Monday slapped JPMorgan Chase Bank with a $65 million fine for attempting to manipulate the value of a US Dollar benchmark index. JPMorgan Busted for Trying to Manipulated USD Benchmark According to the CFTC, JPMorgan traders repeatedly …

CFTC Issues New Guidance on Cryptocurrency Derivatives

Join our community of 10 000 traders on Hacked.com for just $39 per month. The top US markets regulator has issued new guidance to exchanges and other trading platforms that are interested in listing bitcoin futures and other cryptocurrency derivatives products. The Commodity Futures Trading Commission (CFTC) released this new guidance on Monday, providing exchanges …