CFTC Holds Global Markets Advisory Committee Meeting Regarding Non-Deliverable FX Forwards and Bitcoins (with Delta Strategy Group Summary)

The CFTC held a Global Markets Advisory Committee meeting that focused on issues relating to the mandatory clearing of FX non-deliverable forwards ("NDFs") and the digital currency Bitcoin. The first panel discussed whether a clearing mandate is appropriate for NDFs, with a particular focus on how a mandate would impact foreign exchange contracts. The second panel discussed the CFTC's jurisdiction with respect to derivatives contracts that involve Bitcoin.

Click here to view a summary of the meeting prepared by Delta Strategy Group.
See also: CFTC Global Markets Advisory Committee Meeting Regarding Non-Deliverable FX Forwards and Bitcoins (with Lofchie Comment) (October 9, 2014).