CFTC to Create Crypto Regulation Workgroup

Commodity Futures Trading Commission of the USA is urging players in the cryptocurrency sector to boost their self-policing
15 February 2018   1053

High-level representatives of the Commodity Futures Trading Commission of the USA (CFTC) urged the crypto community to unite efforts to regulate the rapidly developing digital currency industry. This is reported by Reuters.

According to the representative of CFTC Brian Quintens, while the government develops optimal control methods, it is necessary to create standards for self-regulation and introduce advanced industry practices for the nascent industry.

The CFTC will hold a meeting in Washington of a new working group on new technologies, which will include experts from the public and private sectors. The meeting will discuss topics related to blockchain, cryptocurrencies, algorithmic trading and other issues related to new technologies.

The role of the advisory committee is to advise us. We can have a very candid and open discussion, and let the experts tell us what they think.

Brian Quintenz

Republican commissioner with the Commodity Futures Trading Commission,

Earlier CFTC Chairman Christopher Giancarlo noted the great potential of the blockchain for the development of the economy, and also spoke about the need for a balanced regulation of the crypto industry.

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   55

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.