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Isn't there a startup that's already applied for CFTC approval?
by rory096 11y ago
Isn't there a startup that's already applied for CFTC approval?
- chrisduesing 11y agoConsidering the CFTC didn't regulate Bitcoin until today I wouldn't think so. Their application would have been received with a polite "save yourself some time and money, we don't regulate that" I imagine. Unless someone was working with the CFTC to have them move it under their jurisdiction for a competitive advantage or something, but even then CME or ICE could jump in so that would be a risky move. I can't think of any other reason, but who knows.
- kanzure 11y ago> Isn't there a startup that's already applied for CFTC approval? Well, there's TeraExchange which applied with the CFTC for trading dollar-denominated bitcoin swaps that are written, quoted and settled in US dollars. Recently (days ago) the CFTC approved LedgerX for temporary registration as a Swap Execution Facility, which is one of the (multiple) registrations required pursuant towards LedgerX providing bitcoin options trading, as well as bitcoin clearing and settlement in actual bitcoin. Disclaimer: guess what