The Commission on urgent exchange trade of the USA (CFTC) have expressed a desire to learn more about Ethereum and its underlying technologies, and markets that have been created around it.
Published on Tuesday, December 11, a request to retrieve relevant information, the regulator explains that it wants to receive public comments on various issues regarding Ethereum — from technology to its application. For replies CFTC took 60 days, answers can be submitted via electronic or regular mail, or transfer physically.
“The CFTC expects that the comments received and the information will be of benefit LabCFTC, FINTECH-the initiative of the CFTC and will help the Commission better understand these promising technologies,” — said in a press release.
In the request for information noted that these answers also help the Department to get a better idea about how it should be regulated Ethereum-market, and the associated cryptocurrency markets derivatives.
“Information received at this inquiry, the CFTC will help to ensure the integrity of the derivatives markets, and will also facilitate monitoring and reduce systemic risk by enhancing legal certainty. The purpose of the request is the understanding of the similarities and differences of various virtual currencies including bitcoin and Ethereum, Ethereum and the inherent opportunities, challenges and risks,” it says.
The document contains 25 different questions about Ethereum and its network are divided into categories such as its purpose, underlying technology, markets, supervision, as well as cyber security and custody decisions.
The questions touch on themes such as, for example, the forthcoming launch of Ethereum for algorithm proof-of-stake, the problems of scalability, network usage at the moment, the possibility of audit of deposits in ETH, etc.
One of the questions, for example, as follows:
“How the introduction of derivative contracts on Ether capacity to change or modify the structure of the [financial] incentives underlying the model proof-of-stake?”
Subsequent questions in more detail affect the potential impact of the market on Ethereum built on top of it, the derivatives market and Vice versa.
Recall that in late November LabCFTC, a research unit of the CFTC, issued an official guide to smart contracts, pointing out their advantages and risks.