Giancarlo: crypto-currency futures do not need new rules
CFTC chair says US regulators can oversee products using existing powers
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
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