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.
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.