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Facebook Holds Talks With CFTC Over Its GlobalCoin Cryptocurrency

Started by 4niso, Jun 09, 2019, 12:58 am

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Facebook has started a discussion with the U.S. Commodity and Futures Trading Commission (CFTC) over the social media giant's crypto stablecoin initiative.

According to a report from the Financial Times on Sunday, the CFTC chairman Christopher Giancarlo said the agency held "very early stages of conversations" with Facebook. The goal was to better understand if the firm's crypto stablecoin could potentially fall under the CFTC's regulatory remit.