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CFTC Report: Recognizes the use of blockchain to manage transactions Collateral in the U.S. derivatives market
Odaily Planet Daily According to the report of the Global Markets Advisory Committee of the Commodity Futures Trading Commission (CFTC) on November 21, the CFTC has approved the use of Blockchain to manage trading Collateral in the Derivatives market in the US. The report points out that Blockchain can solve the challenges of traditional Derivatives trading and expand the types of collateral assets, and its network can transfer collateral assets in real time. Trump may appoint a pro-cryptocurrency commissioner to lead the CFTC. In addition, there will also be leadership changes at the SEC, which has previously shown signs of accepting tokenized assets as trading collateral. (Cointelegraph)