The U.S. CFTC proposes to require derivatives clearing organizations to separate client funds from their own funds
A proposal passed by the US Commodity Futures Trading Commission (CFTC) requires derivatives clearing organizations (DCOs), the main intermediaries in the industry, to separate customer funds from their own funds. The proposal will now enter a period of public comment, which is a crucial step in the process of developing rules that apply to all companies under commodity regulatory agencies. The goal of the proposed rules is to protect customer funds if DCOs face liquidity constraints, such as a large number of withdrawal requests from cryptocurrency exchanges.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XLM, UNI and AAVE gain double-digits as BTC reclaims $94k
Bitcoin’s metrics suggest bull market is far from overvalued
Jim Cramer, Known for His Wrong Comments, Shared His Last Opinion on Bitcoin and Cryptocurrencies
Jim Cramer, who is the butt of jokes in the cryptocurrency world with his predictions, has made new comments about Bitcoin. Here is everything he said.