CFTC proposes self-regulation body for cryptocurrencies
The idea is to create a space where audits related to conflicts of interest, commercial conduct with privileged information, among others, can be carried out
In order to establish a self-regulatory structure, the United States Commodity Futures Trading Commission (CFTC) proposed the creation of a new body.
This proposal came through the commissioner Brian Quintenz while a panel of the Center for Bipartisan Policies was held, which was celebrated on February 12th.
The commissioner said that “cryptocurrency platforms should come together to form some kind of self-regulatory structure where they can discuss, accept, implement and, hopefully, examine or audit.”
The main objective is for the agency to be able to carry out audits related to conflicts of interest, commercial conduct, privileged transactions, rescues, custody and liquidity.
Quintenz added that this type of organisms have the authorization from the Congress, through the law, to operate normally.
K. Tovar
Source: Crypto-Economy
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