The main factor among many factors that transformed the global financial market was selected by the CFTC Chairman in his 14 March 2019 speech as crypto coins and blockchain.
The Crypto industry and the Commodity Futures Commission (CFTC) go without ever mentioning whether they have received feedback from industry or are investigating possible manipulations.
However, the Commission's crypto money and blockchainIt is clear that he accepted the impact on the industry, at least Christopher Giancarlo was unmasked from his last speech as the CFTC President on March 14, 2019. This is Giancarlo's Ine Improving the past, fighting today and moving forward into a digital market future “ titled 44th Annual International Conference on Future Industrytook place in.
In his speech, Christopher Giancarlo said that the agency's fintech innovation center, LabCFTC, has acted as a stakeholder in the emerging financial market.
Crypto and Blockchain Global Market
Referring to the evolution of finance, the indifference of traditional actors and business models is one of the key factors that challenge existing regulatory models. His job market, blockchain and cryptocurrency converting by a set of factors containing the.
As a means of coping and staying on top of the ever-changing market, the CFTC established the fintech center, which serves as its own stakeholder in the market. They can see the changes taking place directly, both from a regulatory body and a market participant. In this way, better editing can take place.
Two years ago, LabCFTC had more than 250 interactions with both major and minor innovations and conducted lab research worldwide. It is too early to state that LabCFTC is subject to regulatory laws. Instead, it is more accurate to say that it is internally and externally technologically oriented.
Iyor In addition, it means LabCFTC staff and other regulators explain technology innovation and advocate technology adoption. It means keeping track of technological change and market evolution and learning innovations while providing a special contact from outside to innovation. Dışarı
Companies such as LabCFTC are not uncommon, as the President states, because many regulatory agencies around the world have established their own laboratories. LabCFTC has just signed global fintech cooperation agreements in places such as London, Singapore and Australia.
Before he finished his speech,
”I wanted the Commission to be a quantitative regulator to use independent market data analysis across different data sources, including decentralized blockchain networks.“
Source: Btcmanag is