Chainlink Welcomes CFTC Push to Clarify Crypto Market Regulation
JH Kim
Summary
- Chainlink said it welcomes the US CFTC's push to clarify regulation of the crypto market.
- Chainlink said it supports the CFTC's effort to establish a clear regulatory framework for the crypto market.
- Chainlink said the CFTC is considering oracles and Proof of Reserve as part of its regulatory discussions.
Forecast Trend Report by Period
Chainlink welcomed the US Commodity Futures Trading Commission's push to clarify regulation of the cryptocurrency market.
Cointelegraph reported on Oct. 5 that Chainlink supports the CFTC's move to establish a clear regulatory framework for the crypto market.
Chainlink also noted that the CFTC is considering oracles and Proof of Reserve in its regulatory discussions.
Oracles are infrastructure that delivers off-chain data onto blockchains. Proof of Reserve is a method for verifying whether reserves are being held for crypto-related assets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.