US Commodities Regulator to Hold Public Bitcoin Hearing
The US Commodity Futures Trading Commission (CFTC) has announced that it will hold a public meeting to discuss bitcoin and digital currencies on 9th October in Washington, DC.
Created in 1975, the US CFTC is an independent federal agency that regulates the country’s futures and options markets. The meeting will be presided by the CFTC’s Global Market Advisory Committee, a group that advises the organisation on issues related to market integrity and competitiveness.
The CFTC indicated that the meeting will consist of two panels, one of which will focus on examining bitcoin and questions surrounding the CFTC’s involvement in the creation of a derivatives market for bitcoin, while the other will center on Non-Deliverable Forwards (NDFs), a form of cash-settled short-term forward contract.
This post was published at Coin Desk on September 25, 2014.