US CFTC Chairman: DLT Can Help Regulators Better Oversee Markets
The U.S. CFTC chairman Christopher Giancarlo said that market regulators must keep pace with technological innovations.
The U.S. Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo said in a speech Nov. 7, that technological advances, including Distributed Ledger Technology (DLT), could help regulators better oversee trading markets.
Giancarlo delivered his speech titled “Quantitative Regulation: Effective Market Regulation in a Digital Era” at the FinTech Week conference at Georgetown University Law School. The chairman addressed emerging digital technologies, such as DLT, big data, automated data analysis, and artificial intelligence (AI), and their impact on trading markets and the financial landscape.
In terms of applying these technologies to trading markets, Giancarlo said that “we begin to see a world where the majority of standard tasks are managed by machines” since,…
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