While private businesses all over the world struggle with employees so much as possessing cryptocurrency, the US Commodity Futures Trading Commission (CFTC) has reportedly given the full go-ahead to its employees trading crypto.
Robert Schmidt reports that bitcoin futures regulator CFTC now allows “workers [to] trade digital tokens as long as they don’t buy them on margin or have inside information gleaned from their jobs,” though futures products of a similar nature are prohibited.
Last December, the CFTC welcomed bitcoin futures market makers such as Chicago Board Options Exchange (Cboe) and Chicago Mercantile Exchange (CME) to begin the groundbreaking process of introducing the world’s most popular cryptocurrency, bitcoin, to mainstream investors.
Mr. Schmidt sources CFTC’s Daniel J. Davis, appointed last Spring by Chairman J. Christopher Giancarlo. At his ascension to the CFTC General Counsel position, Mr. Davis reminded “Congress has entrusted the Commission with key responsibilities and I intend to assist the Commission with the various legal issues it must address in fulfilling those responsibilities.” A memo by Mr. Davis mere weeks ago reportedly addressed “numerous inquiries” from employees about their ability to dabble in cryptocurrencies.
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