This CME used self-certification to speed up the launch of its Bitcoin futures products. As CCN has notified the CBOE to these Chicago derivatives exchanges, the exchanges which have allowed CFTC to list new products without prior approval. It will organize a public meeting to discuss the self-certification process.
It is the top American derivatives regulator of the Commodity Futures Trading Commission on Wednesday. With the introduction of this bitcoin futures contracts, US regulators have been asked to reconsider the approach to stay away from their hands for new derivatives of products. In its other exchanges, NASDAQ is planning to launch cryptocurrency-based futures products, reportedly. The months of its anticipation were listed in December.
SOURCE - https://www.ccn.com/bitcoin-futures-prompt-cftc-to-reconsider-loose-approach-to-derivatives-markets/