U.S. Commodity Futures Trading Commission issues advisory for virtual currency derivatives

On May 21, 2018, the U.S. Commodity Futures Trading Commission (CFTC) issued a joint staff advisory giving guidance to exchanges and clearinghouses registered with the CFTC for listing virtual currency derivative products.[1] The advisory serves to clarify the CFTC’s priorities and expectations in reviewing new virtual currency derivatives to be listed on a designated contract market (DCM) or swap execution facility (SEF), or to be cleared by a derivatives clearing organization (DCO), with the