The Chicago cryptodivision exchange, ErisX, sent a letter to the Commodity Futures Trading Commission (CFTC) for its request for Ethereum technology, reports The Block .
Last December, the CFTC issued a request for information from the public on various aspects of the Ethereum platform, including technology, features, possible applications, etc. In particular, the Commission wished to identify “similarities and differences between some virtual currencies, as well as opportunities, challenges and risks "associated with the ether.
In a letter addressed to CFTC, ErisX noted that “in some cases legal uncertainty limits the ability to enter the industry of new companies, especially regulated market participants”. The resulting niche is filled with “unregulated or poorly regulated exchanges and brokers”, many of which are registered in offshores.
ErisX is confident that “the launch of standardized and CFTC-regulated products based on a reliable custodial infrastructure” will positively affect Ethereum. Regulation “will attract more participants to the market, increase pricing transparency and market liquidity, and also open up new risk management opportunities to asset holders”.
Recall that in the first half of this year, E risX is about to launch deliverable futures for Bitcoin, Bitcoin Cash, Litecoin and Ethereum. Recently, the head of the blockchain-startup ConsenSys, Joseph Lubin, joined the board of directors of this exchange.
Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.
BlockchainJournal.news
BlockchainJournal.news
