Daily Insights (Tuesday)

May 23, 2018

The U.S. Commodity Futures Trading Commission (CFTC) has issued an advisory statement for listing virtual currency derivative products. The advisory statement is aimed at providing clarity for exchanges and clearing houses.

The staff advisory, which was jointly issued by the CFTC’s Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR), focuses on the specific areas involved in listing virtual currency derivatives on a designated contract market or swap execution facility. It covers the necessity for more market surveillance, coordination with CFTC staff, large trader reporting, and DCO risk management and governance.

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Back on May 15th TapJets, an American-based aviation company, launched a Twitter poll, asking the crypto community which virtual currency should be added as means of payment to their platform.

TapJets will move to assess the potential for adding XRP and LTC to its fleet of payment options while dropping Verge (XVG) after a 3-day Twitter poll. TapJets provides quick private jet bookings and also accepts Bitcoin.

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