CFTC Chairman: We Have Oversight of Bitcoin Derivatives

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The chairman of the US derivatives regulator has told a senate committee that digital currency derivatives fall within his agency's remit.

Timothy Massad, who chairs the Commodity Futures Trading Commission (CFTC), testified before the US Senate Committee on Agriculture, Nutrition and Forestry yesterday, noting that while his agency does not have specific rules governing digital currencies, it would oversee futures and swaps in any commodity. This includes digital currencies, he said.

He added:

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