US crypto derivatives merchants need to leave customer funds alone, says CFTC

Cointelegraph

Published Oct 21, 2020 05:44PM ET

Updated Oct 21, 2020 07:20PM ET

Per guidance released Wednesday evening, the Commodity Futures Trading Commission (CFTC) is advising businesses trading in crypto derivatives to hold customer funds very carefully.

The new guidance continues the CFTC's interest in carving out rules for custodianship of virtual currencies — an area obviously distinct from any other asset class. Per the commission:

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