Take a look at LabCFTC’s latest primer on digital assets

Spread the love

The CFTC’s fintech wing has published its fourth primer, this time on digital assets.

LabCFTC, the fintech-focused office of the Commodity Futures Trading Commission, has published a new intro to digital assets.

The “Digital Assets Primer” is dated Dec. 15 but was announced Dec. 17. It includes basic definitions and overviews of digital asset markets, as well as a handy breakdown of the role of the CFTC and other regulators in establishing rules for these markets.

The latest primer joins three others released over the course of LabCFTC’s lifespan. The earlier, from October 2017, focuses on virtual currencies, but was in much more 101-level terms. While today’s primer on digital assets is also designed as a basic overview rather than new formal guidance, it has many more examples of CFTC interactions with crypto than the 2017 rendition could point to.

As the focal point for contact between the CFTC and emerging technologies, LabCFTC is part of a number of public-facing initiatives. In November, it announced “Nakamoto Terminal” as the winner of its first science contest, which aimed for new tools to identify unregistered foreign offerings in the U.S. using artificial intelligence.

RECOMMENDED READ:  Mastercard Fast Tracks Crypto Adoption with Launch of New Program

It was only in 2019 that LabCFTC rose to the status of independent office, alongside which the firm released its last primer, on artificial intelligence in financial markets. It may be the heightened attention around Bitcoin’s skyrocketing price that motivated the regulator to release its latest educational material.

LabCFTC had not responded to Cointelegraph’s request for comment as of publication time.

 172 Interactions,  6 today

READ ALSO:
Romanian university intends to consider cryptocurrency payments for admissions fees.

The academic college, which has about 11,000 students, stated that the inclusion of crypto payments was part of a campaign Read more

Bitcoin Price Movement Analysis for 11th April, 2021

Is Bitcoin nearing its peak? It's unlikely. Many on-chain measurements revealed that, although Bitcoin was highly bullish, it had not Read more

How arrests for attempting to obtain a hitman and a nuclear bomb demonstrate that the dark web is not always anonymous.

Paying with cryptocurrency does not guarantee your safety. Most of the criticisms levelled at cryptocurrencies is that its difficult-to-trace existence Read more

Bitcoin, BTT, Dogecoin Price Movement Analysis for 7th April, 2021

Bitcoin was expected to remain above the $55,800-support, a level that coincided with its 200-SMA. BitTorrent Token was projected to Read more

The cryptocurrency market cap has surpassed $2 trillion, making it as valuable as Apple.

For the first time, the total market value of all cryptocurrencies exceeds $2 trillion. According to Goingecko numbers, the total Read more

Why crypto analyst Ben Armstrong says, ‘He Very Confident Bitcoin Will Reach $300K This Year.’

Recently, blockchain expert and influencer Ben Armstrong mentioned Bitcoin in a video posted to his highly popular YouTube channel “BitBoy Read more

Tron Price Movement Analysis for 4th April, 2021

In the cryptocurrency industry, excessive uncertainty has had a long-term effect on the price of the digital commodity. This uncertainty Read more

Ethereum Price Movement Analysis for 4th April, 2021

Ethereum, the second-largest cryptocurrency, has entered a volatile zone, which could drive the digital asset's price even higher. In the Read more

Chainlink, DigiByte, Enjin Coin Price Movement Analysis for 4th April, 2021

Bitcoin faced some selling pressure just above the $59k mark, leading it to slip to $56,600. The majority of the Read more

Bitcoin fell by more than 4%, causing many other cryptocurrencies to plummet drastically.

The world's most expensive cryptocurrency fell 4.1 percent, bringing several other coins down with it, sending the economy into the Read more

Leave a Reply

Contact Us