CFTC Commissioner Cites CryptoKitties, Dogecoin When Talking DLT Uses

A commissioner of the Commodity Futures Trading Commission (CFTC) spoke positively about the potential uses for blockchain while emphasizing how his agency must respect its role in financial markets during a meeting of international regulators on Thursday.

CFTC Commissioner Rostin Behnam called for “an open mind” with regulating the financial technology space, highlighting a number of applications for distributed ledger technology (DLT) in particular during a speech at the 2018 International Swaps and Derivatives Association (ISDA) Annual Japan Conference in Tokyo.

Regulatory agencies such as the CFTC must better understand how new technologies work and how they might impact global markets in order to help innovators safely access financial networks.

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