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Facebook Consulting US CFTC Regarding GlobalCoin Cryptocurrency Launch

Published 06/03/2019, 07:39 AM
Updated 06/03/2019, 08:41 AM
 Facebook Consulting US CFTC Regarding GlobalCoin Cryptocurrency Launch
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The Commodities Futures Trading Commission (CFTC) has started early-stage talks with Facebook (NASDAQ:FB), reported Reuters. The talks need to determine whether the digital asset proposed by Facebook falls under the expertise of the CFTC.

The CFTC became famous in cryptocurrency circles for the position of its chairman, J. Christopher Giancarlo, who spoke in favor of using Bitcoin and other digital assets. Giancarlo, however, has been cautious and conservative about fast and widespread adoption.

“We’re very interested in understanding it better,” Giancarlo sai...

This article appeared first on Cryptovest

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