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    Fintech firm Tassat gets CFTC approval in offering Bitcoin derivatives in US

    New York-based financial technology firm Tassat received official approval to launch a crypto derivatives exchange to offer Bitcoin swaps. Getting approval from the U.S. Commodity Futures Trading Commission is the first challenge for any firm willing to offer crypto derivatives. And CFTC has always been tough to crack but Tassat did it and became a Swap Execution Facility (SEF).

    According to the news, CFTC approved the transfer of a SEF registration from a fellow financial services firm TrueEX. Both the companies reached the ‚€œagreement in principle‚€Ě back in July 2019. The official announcement by CFTC states, ‚€œTrueEX and Tassat met the requirement for transferring a SEF registration by demonstrating that Tassat will be in compliance with provisions of the Commodity Exchange Act and CFTC approval regulations applicable to SEFs after the registration is transferred. There are currently 19 registered SEFs, including Tassat"

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    Last edited by cryptoknows; 11-09-2019 at 11:43 AM.

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