CFTC Commissioner Says Crypto Regulation Must Evolve With Tech Or Investors Pay The Price
Portfolio Pulse from Khyathi Dalal
CFTC Commissioner Christy Goldsmith Romero has suggested that regulators need to update their protection measures with technological advances, or crypto investors could be impacted. Romero has picked technology experts in fintech, responsible artificial intelligence, cryptocurrency, blockchain, and cybersecurity for the CFTC’s Technology Advisory Committee (TAC). The TAC is being asked to identify ways to install Know Your Customer (KYC) and Anti-Money Laundering (AML) processes into decentralized finance and crypto investment avenues.
September 12, 2023 | 8:51 pm
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NEUTRAL IMPACT
The regulatory changes suggested by the CFTC Commissioner could impact Bitcoin investors.
The regulatory changes suggested by the CFTC Commissioner could lead to more stringent KYC and AML processes, which could impact Bitcoin investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The regulatory changes suggested by the CFTC Commissioner could impact Ethereum investors.
The regulatory changes suggested by the CFTC Commissioner could lead to more stringent KYC and AML processes, which could impact Ethereum investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70