The U.S. Commodity Futures Trading Commission (CFTC) issued a no-action letter to the crypto exchange Bitnomial Exchange, clarifying that no enforcement action will be taken against it for not meeting certain regulatory requirements, thereby clearing the way for its launch of event contracts in the United States. Bitnomial plans to launch binary event contracts and range prediction contracts linked to digital assets, economic indicators, and financial outcomes, and states that the related products are fully collateralized and must comply with trading data disclosure, record-keeping, and reporting requirements. (The Block)
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The U.S. Commodity Futures Trading Commission (CFTC) issued a no-action letter to the crypto exchange Bitnomial Exchange, clarifying that no enforcement action will be taken against it for not meeting certain regulatory requirements, thereby clearing the way for its launch of event contracts in the United States. Bitnomial plans to launch binary event contracts and range prediction contracts linked to digital assets, economic indicators, and financial outcomes, and states that the related products are fully collateralized and must comply with trading data disclosure, record-keeping, and reporting requirements. (The Block)