Gary Gensler, the former chairman of the CFTC, has been nominated to be the next chairman of the SEC by the incoming administration of President-elect Joe Biden. Gensler served as CFTC chairman from May 26, 2009, to January 3, 2014, and oversaw an overhaul and expansion of the regulator’s control over derivatives trading, especially swaps…. Read More >>
NY State’s Cryptocurrency Task Force to Consider Regulation
With Wall Street and other industries in mind, the New York state government has set in motion the creation of a digital currency task force that will investigate legislative and regulatory recommendations, among other issues, for the burgeoning cryptocurrency marketplace and the growing usage of blockchain technology. The task force got its final approval late… Read More >>
BNY, Deutsche Bank, ICAP Back UBS Digital Cash Push
BNY Mellon, Deutsche Bank, ICAP and Santander are throwing their support behind the Utility Settlement Coin (USC) concept from UBS and newcomer Clearmatics Technologies that could lead to digital cash-based payment and settlement operations that exploit distributed ledger technology (DLT). The USC effort is intended to result in “an asset-backed digital cash instrument implemented on… Read More >>
Ops Gets on the Blockchain Revolution Bus
Bitcoin, a so-called crypto-currency, may fade before anyone really understands what it was or how it could actually have prevailed in financial services. However, out of Bitcoin’s ashes has risen the humbly named Blockchain technology. The distributed ledger technology that has been propping up Bitcoin has come to the attention of major industry players. This… Read More >>
FIX Standards Body to Explore Blockchain, Digital Currency
The FIX Trading Community, the standards body for the Financial Information eXchange electronic trading protocol, is embracing digital currencies and Blockchain technology initiatives with the formation of a new working group whose mission is to identify, analyze and define use cases and integration points for digital currency and distributed ledger technologies. The working group has… Read More >>
