Summary
- The U.S. Commodity Futures Trading Commission, or CFTC, said it has updated its crypto-related FAQ.
- The update includes customer funds invested in asset tokens and ways to meet recordkeeping requirements using blockchain technology.
- CFTC Commissioner Mike Selig said the move is part of an effort to provide regulatory clarity to the cryptocurrency industry.
Forecast Trend Report by Period
Staff at the U.S. Commodity Futures Trading Commission have updated a frequently asked questions document related to digital assets, or cryptocurrencies.
The CFTC said on Sept. 24 that the update includes guidance on customer funds invested in asset tokens and on using blockchain technology to satisfy recordkeeping requirements.
CFTC Commissioner Mike Selig described the move as part of an effort to provide regulatory clarity to the digital-asset industry.
The revised FAQ explains how relevant rules apply to market participants using digital assets and blockchain technology.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.