The latest news on our DC Forecasts crypto news site are oriented towards the regulation of cryptocurrencies – particularly the regulator the Commodity Futures Trading Commission (CFTC) – and its recently announced internal examinations for the year to come.
According to the official press release, cryptocurrencies like Bitcoin are in the mere focus. The CFTC, which released the examination priorities for the first time in 2019, will focus on various crypto-related aspects in its Division of Market Oversight (DMO), Division of Swap Dealer & Intermediary Oversight (DSIO) and Division of Clearing & Risk (DCR) papers.
The PR also notes that those priorities pertaining to cryptocurrency include crypto surveillance practices as well as other market and trading surveillance such as real-time monitoring.
As the CFTC chairman Christopher Giancarlo recently commented:
“I commend DMO, DSIO and DCR leadership and staff for their work to bring additional transparency into the CFTC agenda in order to ensure that registered market participants devote adequate compliance resources consistent with our regulatory priorities.”
This move comes as cryptocurrency regulation continues in earnest both at the CFTC and counterpart the Securities and Exchange Commission (SEC).
Since the reviews between the approaches of the two regulators are mixed, there are many accusations centering on the comparatively heavy-handed approach of the SEC. Meanwhile, this again proves that cryptocurrency has already made its way onto the radar of certification bodies.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post