CFTC Commissioner: cryptocurrency is here to stay

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2018-06-12 11:15:06

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CFTC Commissioner: cryptocurrency is here to stay

The Commission on trade in commodity futures of the USA appeared to be content with the cryptocurrency. The Commissioner of the regulator Rostin, Benham acknowledged that the crypt will be an integral part of the financial system of the future. It is reported .

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Future of the world of Bitcoin

A CFTC Commissioner expressed an opinion about cryptocurrency at the summit of the BFI fourth of July in new York. The motto of the meeting was "promoting open, transparent and competitive markets". Benham, confirmed the intention of the regulator to prevent any signs of deception and fraud in the crypt. According to him, financial institutions around the world still don't know how to relate to the new market.

The Active discussion of digital assets has only just begun. None of us knows what we get in the end. It is clear that cryptocurrencies cannot be stopped by borders or restrictions. Market regulation can not keep up with the rapid development of Bitcoin.

After Discussing the technical features of Bitcoin, Benham called it an important part of the economic system of the future.

Virtual currency could be a key part of any economy in the world. I repeat – cryptocurrencies have nowhere to stay. For small States, they may even become the only way out of economic crises. Cryptocurrencies exist without banks, investors, authorities or international organizations. We can witness this technological revolution.

During his speech, CFTC Commissioner the words of Governor Christopher Giancarlo. Benham also believes that the crypt can be a great tool to counter poverty and corruption due to the openness of the blockchain.

However, cryptocurrencies can also bring harm to the world, if you become the weapon . According to Benami, "power thieves" in this case is richer because of the concealment of their capital in the crypt.

Since cryptocurrencies exist outside of state control, Benem considers necessary to connect to their regulation by international organizations. For advice on all the nuances of the blockchain inside of the controller even created an international project called LabCFTC.

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