Facebook in talks with US derivatives regulator over digital currency plans
In an effort to understand whether the company’s plans for the digital coin would fall under the CFTC’s scope
PHOTO: REUTERS
Facebook is in talks with the US derivatives regulator, the Commodity Futures Trading Commission (CFTC), over the social media company’s plans for a digital currency, the Financial Times reported on Sunday.
The regulator is in the early stages of talks with Facebook in an effort to understand whether the company’s plans for the digital coin would fall under the CFTC’s scope, the FT reported, citing Christopher Giancarlo, the head of the CFTC.
Facebook ordered by US judge to turn over data privacy records
In May, Facebook set up a financial technology company in Switzerland focusing on blockchain and payments as well as data analytics and investing.
Facebook declined to comment on the FT report.
The regulator is in the early stages of talks with Facebook in an effort to understand whether the company’s plans for the digital coin would fall under the CFTC’s scope, the FT reported, citing Christopher Giancarlo, the head of the CFTC.
Facebook ordered by US judge to turn over data privacy records
In May, Facebook set up a financial technology company in Switzerland focusing on blockchain and payments as well as data analytics and investing.
Facebook declined to comment on the FT report.