CFTC Votes To Create Virtual Currency Subcommittee

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The Commodity Futures Trading Commission (CFTC) just voted to create a virtual currency subcommittee while at the same time calling for the industry to adopt self regulatory standards.

Brian Quintenz, a Republican commissioner with the Commodity Futures Trading Commission, said the industry should consider adopting self-regulatory standards and industry-wide best practices while the government mulls its best approach in policing the new technology-driven space.

“I would like to use this opportunity right now to call on the investment community and the advocacy community around digital currencies to create some type of self-regulatory organization that can develop standards around cyber policies, data retention, record keeping, financial records obligations, insider trading, ethics, codes of conduct,” Quintenz said during an interview at the event.

You can see the entire agenda as well as a live stream of the meeting at OnlineVideoService.com.


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