Bitcoin Futures: From Self-Certification to Systemic Risk

How does the self-certification process work, and should the CFTC have stopped the self-certification of bitcoin futures at the CME and the CBOE Futures Exchange? Lee Reimers questions whether the CFTC should have facilitated a connection between the regulated financial sector and the unregulated bitcoin spot market, and ponders whether this link could one day threaten financial stability.

November 29, 2021

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