Virtual currencies as commodities—CFTC wins battle in the fight to define cryptocurrencies as commodities but has it won the war?
Posted on Oct 2, 2018 in Financial Services, Government, Litigation, Regulation, Securities & Corporate Governance | Comments Off on Virtual currencies as commodities—CFTC wins battle in the fight to define cryptocurrencies as commodities but has it won the war?
A federal court in Massachusetts allowed the US Commodity Futures Trading Commission’s fraud case against virtual currency operators to continue by finding that the digital coin met the definition of “commodity” under the Commodity Exchange Act. The court rejected the defendants’ argument that the virtual currency at issue was not a “commodity” because there was no futures contract...
CFTC Finalizes Rules on Cybersecurity Testing for Futures Industry
Posted on Sep 9, 2016 in Uncategorized | Comments Off on CFTC Finalizes Rules on Cybersecurity Testing for Futures Industry
Under new rules adopted by the Commodity Futures Trading Commission (CFTC), various entities in the futures industry must undertake cybersecurity testing. At its open meeting on Sept. 8, 2016, the CFTC amended its system safeguards rules for exchanges, clearinghouses, and data repositories to require cybersecurity testing and system safeguards risk analysis. Under the amended rules,...
CFTC Holds Cybersecurity Roundtable March 18
Posted on Mar 24, 2015 in Financial Services | Comments Off on CFTC Holds Cybersecurity Roundtable March 18
As noted in our previous entry, staff from the Commodity Futures Trading Commission (CFTC) held a Public Roundtable on Cybersecurity and System Safeguards Testing on March 18, 2015. The Roundtable, which included participants from the private sector and government agencies, could be a kick-off event for a larger CFTC initiative to address issues related to cybersecurity. The Roundtable...
CFTC Staff to Hold Public Roundtable on Cybersecurity and System Safeguards Testing
Posted on Mar 13, 2015 in Uncategorized | Comments Off on CFTC Staff to Hold Public Roundtable on Cybersecurity and System Safeguards Testing
On March 18, 2015, from 9:00 AM – 5:00 PM, the Commodity Futures Trading Commission (CFTC) staff will hold a Public Roundtable on Cybersecurity and System Safeguards Testing. The Roundtable will be divided into four panel discussions focusing on: (i) the need for testing in the current cybersecurity environment; (ii) vulnerability and penetration testing; (iii) key controls testing;...
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