CFTC Just Made A Big Move On Crypto Regulation 🇺🇸
The CFTC has proposed a new framework for certain retail crypto trading involving leverage, margin and financing....
The proposal introduces Regulation CTX and Regulation CAM....
It could bring exchanges offering these products under a more specific federal regulatory framework, with requirements covering customer protection, capital, AML and asset safeguards....
The CFTC is also proposing FCM involvement for covered leveraged crypto transactions....
But this is not final yet....
The CFTC is now seeking public comments before deciding on future rulemaking....
Could this bring more clarity to the US crypto market?
#CFTC #crypto #CryptoNews
The CFTC has proposed a new framework for certain retail crypto trading involving leverage, margin and financing....
The proposal introduces Regulation CTX and Regulation CAM....
It could bring exchanges offering these products under a more specific federal regulatory framework, with requirements covering customer protection, capital, AML and asset safeguards....
The CFTC is also proposing FCM involvement for covered leveraged crypto transactions....
But this is not final yet....
The CFTC is now seeking public comments before deciding on future rulemaking....
Could this bring more clarity to the US crypto market?
#CFTC #crypto #CryptoNews