Home / Business and Economy / CFTC Expands Crypto Trading Rules
CFTC Expands Crypto Trading Rules
17 Sep
Summary
- CFTC allows broader crypto and prediction market access.
- Some software providers are exempt from registration.
- This aims to expand trading via online platforms.
The Commodity Futures Trading Commission (CFTC) has taken steps to broaden access to cryptocurrency and prediction market trading. Issued on Thursday, new staff guidance from the CFTC exempts specific software providers from the usual registration requirements.
This regulatory adjustment primarily targets "passive software" providers that collaborate with trading platforms. The commission's aim is to encourage more widespread use of online platforms for these types of financial activities.
By easing certain registration burdens, the CFTC appears to be fostering an environment conducive to the expansion of crypto and prediction market participation.
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