U.S. Commodity Futures Trading Commission: we will make sure nobody cheats with Bitcoin futures
Amidst the upcoming launch of Bitcoin futures by the Chicago Board Options Exchange, careful investors might wonder what the American regulators think on the theme. The market intelligence officer from the United States Commodity Futures Trading Commission has told exactly about this just 20 minutes ago to the American CNBC news television channel.
He says his organization will make sure nobody cheats with Bitcoin futures and preserve the contract system integrity. According to Mr. Andrew Busch, Bitcoin is “an animal unlike any commodity we’ve looked at before”.
Andrew Busch also told about two processes one can undergo when using Bitcoin futures. The first is called self-certification process and a written approval process, and most choose the first one. “Bitcoin is so unusual, our Chairman has said,” told the chief intelligence officer and explained that they are making the process as understandable for clients who have any suspicions as it can be. He stressed they are going to ensure that the futures contracts connected with Bitcoin are not manipulated.
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