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ARTICLE · 13 DECEMBER 2018

CFTC Staff Issues Advisory For Virtual Currency Products

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DMO Director Amir Zaidi noted that the CFTC staff are committed to providing guidance to market participants as the virtual currency market continues to evolve.

CanadaFinance and Banking
Michael Weizel
Michael Weizel
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On Monday, May 21, 2018, the Commodity Futures Trading Commission's (CFTC) Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR) issued a joint staff advisory providing information and guidance relating to the listing of virtual currency derivative products to exchanges and clearinghouses registered with the CFTC. As well, the advisory emphasized the CFTC's priorities in reviewing new virtual currency derivatives.

DMO Director Amir Zaidi noted that the CFTC staff are committed to providing guidance to market participants as the virtual currency market continues to evolve. DCR Director Brian Bussey added that this information is designed to help market participants design risk management programs and follow appropriate governance processes with respect to the launch of new investment products.

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