United States regulator the Commodity Futures Buying and selling Fee (CFTC) has introduced cryptocurrency will type a precedence for its inside examinations this yr, based on a press release revealed on Feb. 12.
The CFTC, which has launched its examination priorities for the primary time in 2019, will embody numerous crypto-related points in its Division of Market Oversight (DMO), Division of Swap Seller & Middleman Oversight (DSIO) and Division of Clearing & Danger (DCR) papers.
In accordance with the press launch, these priorities pertaining to cryptocurrency embody cryptocurrency surveillance practices, in addition to different market and buying and selling surveillance together with real-time monitoring.
“I commend DMO, DSIO and DCR management and workers for his or her work to convey extra transparency into the CFTC agenda with a view to be sure that registered market members commit satisfactory compliance sources in line with our regulatory priorities,” CFTC chairman J. Christopher Giancarlo commented.
The transfer comes as cryptocurrency regulation continues in earnest each on the CFTC and counterpart the Securities and Trade Fee (SEC).
As Cointelegraph reported, opinions have been blended over the approaches of the 2 regulators, accusations centering on the comparatively heavy-handed strategy of the SEC. Others imagine the piecemeal issuance of rules has additional repercussions.
“This has hampered innovation and left many American companies in regulatory limbo, notably with respect as to whether or not their tokens are categorized as securities,” former Republican Consultant George Nethercutt wrote in an article in January.
Cryptocurrency has already made it onto the radar of certification our bodies. In July final yr, the CFA Institute confirmed the business would seem in its personal exams in 2019.
A authorities certification scheme for crypto brokers in Malta taken in October 2018 had a reported move charge of lower than 40 p.c.