Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
The U.S. CFTC proposes to require derivatives clearing organizations to separate client funds from their own funds

The U.S. CFTC proposes to require derivatives clearing organizations to separate client funds from their own funds

CointimeCointime2023/12/13 23:57
By:Cointime

A proposal passed by the US Commodity Futures Trading Commission (CFTC) requires derivatives clearing organizations (DCOs), the main intermediaries in the industry, to separate customer funds from their own funds. The proposal will now enter a period of public comment, which is a crucial step in the process of developing rules that apply to all companies under commodity regulatory agencies. The goal of the proposed rules is to protect customer funds if DCOs face liquidity constraints, such as a large number of withdrawal requests from cryptocurrency exchanges.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Tragicomic Event on This Altcoin: An Investor Turns $10,000 into $3 in Seconds

The cryptocurrency market witnessed an unfortunate trader in an altcoin lose a significant amount of funds in a matter of seconds.

Bitcoinsistemi2024/12/18 12:44

Hong Kong's HashKey Group launches Ethereum Layer 2 HashKey Chain on mainnet

HashKey Group has launched its Ethereum Layer 2 HashKey Chain on mainnet.HashKey joins other crypto firms like Coinbase and Kraken in building their own Layer 2 networks using the OP Stack.

The Block2024/12/18 12:33