Crypto Dad Confirms Facebook ‘Conversations’ Over GlobalCoin Digital Currency

By CCN: Facebook’s plans to launch the GlobalCoin cryptocurrency are moving full-steam ahead. According to the Financial Times, the social media giant has already initiated talks with the Commodity Futures Trading Commission (CFTC). The outgoing chairman of the CFTC, Chris Giancarlo, told the publication that the derivatives regulator and Facebook were in the ‘very early stages of conversations’. Per Giancarlo, this is with a view of understanding whether Global Coin falls under the regulatory purview of the CFTC. However, Facebook has yet to submit a formal application to the body: We’re very interested in understanding it better. We can only

The post Crypto Dad Confirms Facebook ‘Conversations’ Over GlobalCoin Digital Currency appeared first on CCN

from Altcoin News – CCN http://bit.ly/2EQ8XqP