The American regulator is interested in the features of Ethereum
Posted On March 23, 2021
What Is Ethereum? | Ethereum Explained Smart Contracts | Blockchain Tutorial Beginners | Simplilearn
The US Commodity Futures Trading Commission (CFTC) has issued an official request to collect information to get public opinion and better understand the features of the ether and the Ethereum blockchain.
The regulator expects to establish feedback, simultaneously clarifying the mechanisms, capabilities, technologies and potential risks of the popular cryptocurrency. Replies will be accepted within 60 days from the date of publication. The organization seeks to broaden its understanding of the market and is beginning to look at leading projects other than Bitcoin to understand their main similarities and differences..
The filing says the information collected will be used to improve the CFTC’s cryptocurrency operations and improve the efficiency of regulating the growing market. The data will also be transferred to the regulator’s research unit specializing in fintech..
It is possible that such interest is caused by the study of the issue of trading in ether futures. At the moment, cryptocurrency contracts are limited to Bitcoin only. However, in November, the Nasdaq announced about launch new crypto futures after their approval with the controlling structures.
Recall that after a long discussion, the Ethereum developers still decided on the time of the hard fork..
text: Ivan Malichenko, photo: coinwire, images.law