"VAN" (Sergey Topychkanov - Russia) :: Facebook has started negotiations on creating its own digital currency with the Commodity Futures Trading Commission (CFTC), a regulator of the American derivatives market.
Chapter CFTC Christopher Giancarlo said that the regulator is conducting "very preliminary talks" with Facebookto see if the company's plans fall under jurisdiction of his institution.
Previously it was reported that Facebook is working on the creation of a digital payment system that will allow users of social networks to send money to each other, make purchases on its platform, in Instagram applications and WhatsApp, as well as the Internet in general.Facebook plans also include the creation of a so-called Stablecoin, a digital asset tied to the fiat currency (not backed byreserves), which is expected to be named Globalcoin.
CFTC is responsible for futures and derivatives markets, and thus any financial instruments tied to GlobalCoin will fall within the jurisdiction of the regulator.For example, a significant share of Bitcoin trading is carried out on the futures market.
Facebook addresses the banks and regulators, hoping to get some advice on the plan to create a digital payment system and its own digital currency.
Not so long ago the company discussed this project with the head of the Bank of England Mark Carney, writes the Financial Times.
Last month Facebook also announced the easing of restrictions on advertising related to cryptocurrency and blockchain projects on its platform.
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