CFTC recommends strengthening commodity swap supervision and requiring reporting of relevant data on crypto assets, etc.
US Commodity Futures Trading Commission (CFTC) has proposed strengthening reporting requirements for swap dealers (SDs) in order to obtain high-quality swap data to identify granular risks. Specific content includes: requiring unique product identifiers for swap transactions; requiring specific customer data for reporting products and risk exposures; and requiring relevant data for reporting encrypted assets. CFTC Commissioner Christy Goldsmith Romero stated that accurate, timely, and high-quality swap data is crucial for improving market transparency and avoiding systemic risks, and this move helps prevent financial risks and promote financial stability. (Futures Daily)
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
Sei Research Initiative Aims to Overcome EVM Limitations
Sei Labs and the Sei Foundation launch the Sei Research Initiative to address Ethereum Virtual Machine limitations, enhancing scalability and decentralization.
US Elections Propel $2.2B Inflows into Digital Assets, Bitcoin (BTC) Leads
The recent US elections have sparked $2.2 billion in inflows into digital assets, with Bitcoin and Ethereum witnessing significant activity, according to CoinShares.
Reimagining EVM Storage: Addressing Key Blockchain Challenges
Explore innovative solutions to optimize the Ethereum Virtual Machine (EVM) storage layer, tackling state bloat and high gas costs through advanced data structures and blockchain strategies.
Ethereum Opens Applications for Next Billion Fellowship Cohort 5
Ethereum is now accepting applications for the Next Billion Fellowship Cohort 5, a program designed to leverage blockchain technology for solving real-world challenges.
Trending news
MoreCrypto prices
More
