The Commodity Futures Trading Commission (CFTC) will hold a meeting to discuss the implications of implementing distributed ledger technology in derivative markets. The event is scheduled to take place on January 26, 2016, at CFTC’s headquarters in Washington, DC.
“The Commission’s proposed Regulation Automated Trading (“Reg AT”); (2) swap data standardization and harmonization; and (3) blockchain and the potential application of distributed ledger technology to the derivatives market.”
The meeting will be open to the general public and written statements will be have to be submitted by the 26th of January. Members of public will also have the option of calling a toll-free number to listen to a live feed of the meeting.
“The meeting will be open to the public with seating on a first-come, first-served basis. Members of the public may also listen to the meeting by telephone by calling a domestic toll-free telephone”
The CFTC has already executed several enforcement actions against blockchain-related business such as TeraExchange, CoinFlip and Sand Hill Exchange, which got hit with a $20,000 fine. According to previous statements by CFTC officials, virtual currencies are considered commodities that are subject to the rules laid out in the Commodity Exchange Act.
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