EddieJayonCrypto

 20 Dec 23

tl;dr

The US Commodity Futures Trading Commission (CFTC) awarded Bitnomial a clearinghouse license, leading to a debate on vertical integration within the digital asset sector. There are varying opinions within the commission, with Behnam expressing familiarity with vertically integrated DCOs, Romero expr...

The US Commodity Futures Trading Commission (CFTC) recently awarded Bitnomial a clearinghouse license, sparking a debate on vertical integration within the digital asset sector.


There are varying opinions within the commission, with Behnam expressing familiarity with vertically integrated DCOs, Romero expressing reservations about the risks, and Johnson advocating for a rulemaking process to address conflicts of interest. In response to this, the CFTC Divisions issued an advisory on compliance obligations in complex market structures. Bitnomial's CEO emphasized that completing the licensing process would enable the company to broaden its product offerings and customer base, viewing this development as a crucial step in its evolution as a regulated entity in the digital asset market.

Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 22 Nov 24
 22 Nov 24
 22 Nov 24