US CFTC Updates Crypto FAQ to Enhance Regulatory Clarity
JH Kim
Summary
- Staff at the U.S. Commodity Futures Trading Commission (CFTC) said they updated a FAQ related to digital assets, or cryptocurrencies.
- The update includes guidance on customer funds invested in asset tokens and on how to meet recordkeeping requirements using blockchain technology.
- CFTC Commissioner Mike Selig said the move is part of an effort to provide regulatory clarity for the digital-asset industry.
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Staff at the U.S. Commodity Futures Trading Commission updated a frequently asked questions document related to digital assets, the agency said.
The CFTC said on Sept. 24 the update includes guidance on customer funds invested in asset tokens and on how recordkeeping requirements can be met using blockchain technology.
CFTC Commissioner Mike Selig described the move as part of an effort to provide regulatory clarity for the digital-asset industry.
The revised FAQ explains how relevant rules apply to market participants using digital assets and blockchain technology.
JH Kim
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