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  • 09 June

    CFTC Commissioner Thinks “DeFi Derivatives Are Bad Idea”

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Wed, Jun 9, 2021 6:23 PM by The News Crypto

CFTC Commissioner Thinks “DeFi Derivatives Are Bad Idea”

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Unlicensed DeFi is not only a bad idea but illegal too, says Berkovitz.Any platform that trades or processes swaps be registered as DCM or SEF.Allowing unregulated derivatives will compete with fully regulated entities. Dan M. Berkovitz, Commissioner of the Commodity Futures Trading Commission (CFTC), thinks that DeFi derivatives are not only a bad idea but … The post has appeared first on thenewscrypto.com

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