After a large number of requests at the official level, the Commodity Futures Trading Commission decided to lift the ban on investing in cryptocurrencies for its employees, writes Bloomberg.
It is difficult to determine exactly how many staff at the Commission are interested in cryptocurrency trading, but Daniel Davis, general counsel of the CTFC, noted that there have been a lot of requests.
CTFC employees may engage in trading and investing in cryptocurrencies under one condition: they will not use leverage or internal operating information that they may have due to the nature of their activities. They also cannot use Bitcoin futures.
Daniel Davis also added that the CTFC's position is due to the fact that it considers cryptocurrencies to be a commodity. Therefore, employees of the structure can trade them, like any other exchange-traded goods. But, if they know any information that could affect the rate of the cryptocurrency or the state of trading, they are obliged to refrain from trading.
However, it is not yet clear how exactly the CTFC intends to control this process.
According to https://www.bloomberg.com
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