Giancarlo: crypto-currency futures do not need new rules

CFTC chair says US regulators can oversee products using existing powers

Electronic currency
Breaking through: US derivatives exchanges have moved to benefit from crypto-currencies' growth

New regulation is not needed to oversee the bitcoin derivatives market, according to Christopher Giancarlo, chairman of the Commodity Futures Trading Commission. Two Chicago-based exchanges – CME and CBOE – have announced plans to launch cash-settled contracts by the end of the year.

Some experts have suggested crypto-currencies and related derivatives products need distinct regulation, but Giancarlo says the CFTC and its fellow US markets regulator already have the powers they need.

“In the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: