United States:
Educational Tool On Virtual Currencies Released By CFTC
20 October 2017
Reed Smith
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On October 17, 2017, the U.S. Commodity Futures Trading
Commission's ("CFTC")
LabCFTC released a primer on virtual currencies, available here. The primer is an
"education tool" that provides an overview of the virtual
currency landscape and is "not intended to describe the
official policy or position of the CFTC, or to limit the CFTC's
current or future positions or actions." While the
document is largely unrevealing, everyone in the initial coin
offering ("ICO") market should
carefully review the risk factors outlined in the document to
ensure that they are incorporated into their whitepapers and
offering materials. Read the full report on our sister site,
the
FinTech Update.
This article is presented for informational purposes only
and is not intended to constitute legal advice.
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