Tokenization · CoinDesk
The CFTC also added several points about the use of blockchains as official transaction records
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They may not even have to maintain offchain versions of the records if the firm is using a private network.
Key facts
- It applies to any CFTC regulations involving recordkeeping and maintenance of regulatory data, the regulator said
- The CFTC has been hurrying to erect new policies, whether by stating an updated, crypto-friendly view on existing regulations or writing new rules
- I’m pleased to see staff update these frequently asked questions consistent with the agency’s ongoing efforts to provide regulatory clarity for the crypto industry,” CFTC Chairman Mike Selig said
- The U.S. Commodity Futures Trading Commission is continuing to hang the welcome sign for crypto and blockchain activity in the derivatives space, advising regulated firms that tokenized assets
Summary
The U.S. Commodity Futures Trading Commission added to its series of crypto-world policy moves by clarifying it won’t ding firms for putting investor money into tokenized assets. The agency also outlined how the usage of blockchain technology for official recordkeeping is fine under current regulations. Commodity Futures Trading Commission is continuing to hang the welcome sign for crypto and blockchain activity in the derivatives space, advising regulated firms that tokenized assets can be treated the same as the things being tokenized and blockchains are sufficient for recordkeeping. The agency issued updated guidance on Thursday that instructed platforms overseen by the CFTC that customer funds can be invested in the tokenized forms of assets that already check the box as permissible.