US Commodities Regulator Publishes Primer on Smart Contracts

The Commodity Futures Trading Commission’s (CFTC) LabCFTC published a guidance-like document called “a CFTC Primer on Smart Contracts” on Tuesday. The document follows on LabCFTC’s primer on virtual currencies, released last year, and the agency’s FinTech Forward conference held recently. Launched in 2017, LabCFTC aims to support fintech innovation and make sure that the CFTC is adequately responding to fast-changing fintech market trends.

The current primer was meant to define the concept of smart contracts, which represent blockchain features that allow parties to negotiate deals without third parties. The 32-page document discussed the origin, aspects,…

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