🗽 The US Commodity Futures Trading Commission (CFTC) has allowed the use of Bitcoin, Ethereum, and USDC as collateral when trading derivatives, launching a pilot program that departs from the traditional practice of securing transactions only with securities and fiat.
Market participants will be able to store and transfer such collateral directly on the blockchain, while brokers are required to keep separate records of digital assets and report to the regulator weekly.
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🗽 The US Commodity Futures Trading Commission (CFTC) has allowed the use of Bitcoin, Ethereum, and USDC as collateral when trading derivatives, launching a pilot program that departs from the traditional practice of securing transactions only with securities and fiat.
Market participants will be able to store and transfer such collateral directly on the blockchain, while brokers are required to keep separate records of digital assets and report to the regulator weekly.