In 2019, the US Commodity Futures Trading Commission (CFTC) will pay special attention to monitoring the cryptocurrency market. This is stated in the official press release of the department .

The work on this direction will be entrusted to the market monitoring department (DMO), which checks the compliance of the regulated futures markets with the CFTC requirements and the Commodity Exchanges Act.

“This is the first publication of the priorities of expert units and it is aimed at improving relations between the agency and the subjects it regulates, while promoting a culture of compliance with our registrars, ” said CFTC Chairman Christopher Giancarlo.

He also added that the initiative was taken as part of the “KISS Project” (Keep It Simple Stupid), which implies extensive verification of the CFTC rules and regulations in order to make their implementation “less costly and burdensome”.

Recall that last December the CFTC announced its desire to learn more about Ethereum and the underlying technology.

Already in February of this year, the US Securities and Exchange Commission (SEC) announced its intention to study the blockchain data of the leading cryptocurrencies .

In October 2018, Christopher Giancarlo said that cryptocurrency has a future, but they cannot compete with fiat .

Subscribe to BlockchainJournal on YouTube !