CFTC to discuss blockchain potential in derivatives market

FinTech | January 13, 2016 By:

The US Commodity Futures Trading Commission‘s Technology Advisory Committee (TAC) will hold a public meeting addressing blockchain and its potential applications in the derivatives market.

The meeting comes after the CFTC ruled in September that bitcoin and other virtual currencies are commodities, and as such are covered by the Commodity Exchange Act. It then ordered a bitcoin options trading platform operator to stop offering bitcoin options.

Members of the public are invited to submit any statements in connection to the meeting in advance, and the public is also invited to attend the meeting on a first-come first-served basis.

The meeting will be held on Tuesday, January 26 and will also be available to listen to through a toll-free phone number, and a transcript will be published afterwards.

The US Commodity Futures Trading Commission is an independent agency of the US government created in 1975, that regulates futures and option markets.