{"id":6613,"date":"2019-03-23T08:00:41","date_gmt":"2019-03-23T06:00:41","guid":{"rendered":"https:\/\/forklog.media\/?p=6613"},"modified":"2019-03-22T23:27:04","modified_gmt":"2019-03-22T21:27:04","slug":"cftc-is-diligently-working-on-all-crypto-related-applications-including-bakkt","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cftc-is-diligently-working-on-all-crypto-related-applications-including-bakkt\/","title":{"rendered":"CFTC is \u2018Diligently\u2019 Working on All Crypto-Related Applications, Including Bakkt"},"content":{"rendered":"

United States regulator the Commodity Futures Trading Commission (CFTC) is actively working to approve multiple crypto-related applications, including for Bitcoin (BTC) futures from institutional trading platform Bakkt. As reported by Cointelegraph<\/a>, a CFTC commissioner revealed the news in remarks to cryptocurrency news network Blocktv in an interview on March 19.<\/p>\n

Answering a question about the status of Bakkt\u2019s application, which has seen multiple delays, commissioner Dan Berkovitz avoided a direct update on the project, instead saying that the CFTC was trying to assist all cryptocurrency-related products in obtaining the necessary approval for launch in the U.S.<\/p>\n

\u201cWe have a very interactive process with all the entities that come before us and [are] working diligently with all the applicants to process their applications and get their products on the market,\u201d he said, adding:<\/p>\n

\u201cBut we need to ensure that a crypto product, just like any other product that\u2019s traded on our markets, meets all the standards.\u201d<\/p><\/blockquote>\n

Asked whether Bakkt was now receiving special treatment from the CFTC, however, Berkovitz declined to suggest previous hold-ups had resulted in pressure to move forward.<\/p>\n

\u201cAll of the applications before us we\u2019re working very hard on with the applicants, including that one,\u201d he added.<\/p><\/blockquote>\n

On Friday, the Wall Street Journal wrote<\/a> that Bakkt was facing more difficulties in its road to getting the green light from regulators. Following a lack of consensus over how the platform would handle its Bitcoin futures, discussions nonetheless do remain ongoing.<\/p>\n

\u201cWe are working through the regulatory review process and are looking forward to updating the market soon,\u201d the publication quoted an unnamed ICE spokesperson as saying.<\/p><\/blockquote>\n

Bakkt, the brainchild of New York Stock Exchange owner Intercontinental Exchange (ICE), was originally slated to debut in December, but regulatory compliance hurdles saw the date pushed back<\/a> several times.<\/p>\n

December 31, 2018, Bakkt announced it closed a Series A funding round, raising $182.5 million<\/a> from 12 partners and investors.<\/p>\n

Follow ForkLog on Twitter<\/a><\/span> and Facebook<\/a><\/span>!<\/p>\n","protected":false},"excerpt":{"rendered":"

United States regulator the Commodity Futures Trading Commission (CFTC) is actively working to approve multiple crypto-related applications, including for Bitcoin (BTC) futures from institutional trading platform Bakkt. As reported by Cointelegraph, a CFTC commissioner revealed the news in remarks to cryptocurrency news network Blocktv in an interview on March 19.<\/p>\n","protected":false},"author":1,"featured_media":6283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[780,879,609],"class_list":["post-6613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bakkt","tag-cftc","tag-futures"],"aioseo_notices":[],"amp_enabled":true,"views":"179","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=6613"}],"version-history":[{"count":2,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6613\/revisions"}],"predecessor-version":[{"id":6615,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6613\/revisions\/6615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/6283"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=6613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=6613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=6613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}