Digital Assets archive
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'Same activity, same risk, same regulation'
Opening remarks of Walt Lukken, President and CEO of FIA, at the FIA Boca conference. In his speech, Lukken discussed innovation, crypto derivatives and the importance of well-regulated markets.
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2021 M&A - Deals focus on trading tech, digital assets, post-trade solutions
Big capital raises from up-and-coming firms alongside some high-profile mergers tell the story of an evolving industry, with trends in trading technology and digital assets at the forefront.
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Crypto hearing focuses on need for US regulatory certainty, CFTC expertise
The US Senate Agriculture Committee held a hearing titled "Examining Digital Assets: Risks, Regulation, and Innovation" on 9 February, where discussion centered in large part on the best way to provide regulatory certainty for emerging digital asset markets.
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Opinion - The Stablecoin Opportunity and the Crypto Regulatory Muddle
Timothy Massad, former chairman of the Commodity Futures Trading Commission and former assistant secretary of the Treasury for financial stability, delivered the following speech at the FIA/SIFMA Asset Management Derivatives Forum on 7 February in Dana Point, Calif.
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FCMs explore ways to accept crypto as collateral
Cash-settled futures on bitcoin have been a smash success for CME, but they sometimes diverge from prices in the spot market. That has spurred interest in physically delivered contracts. Much like in the classic agricultural futures markets, the buyers and sellers of these contracts are obligated to exchange the underlying cryptocurrency when the contract expires. This mechanism effectively forces the spot and futures prices to converge at settlement.
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Data spotlight – Regulated markets for crypto derivatives grows
Since 2018, CME Group has been the leader in offering a fully regulated marketplace for bitcoin futures. Its dominant position is now being challenged, however, with two large market operators stepping into the space through acquisitions.
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Crypto for FCM customer accounts
The Commodity Futures Trading Commission’s (CFTC) Market Participants Division (MPD) (formerly the Division of Swap Dealer and Intermediary Oversight) published guidance regarding the deposit of virtual (crypto) currencies by customers and holding of these currencies by futures commission merchants (FCMs) to margin customer transactions in crypto currency futures.
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Institutional adoption of crypto derivatives expected to grow
Institutional investors are increasingly showing an appetite for crypto markets, said experts at FIA International Derivatives Expo conference in London on Tuesday. However, they noted a key barrier to full-scale adoption is a lack of clear regulation.
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FIA, other trades comment on Basel consultation on cryptoassets
FIA joined five trade associations in a response to the Basel Committee on Banking Supervision’s consultative document on the prudential treatment of cryptoassets. The associations support BCBS’s decision to engage in an iterative approach to the prudential treatment of cryptoassets. However, the associations emphasize the need to provide clarity for the banks as the client demand grows.
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Viewpoint – Crypto and climate: A tale of two topics
While climate change and crypto assets are clearly top of mind, the policy agenda around them remains cloudy. Our markets can play a significant role in both.
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