Office Hours to Be Held During CFTC’s Fintech Week in NYC

Office hours will be hosted during the New York Fintech week by the United States Commodity Futures Trading Commission’s (CFTC) fintech lab.

The research unit for the CFTC, LabCFTC is set to host office hours during the fintech week in April. This is in an effort to engage with innovators in the industry.

Going off the published announcement, the end goal is to promote market-enhancing fintech completion and innovation for financial technologies. This is on top of providing the CFTC with a better understanding of new technologies that are emerging in the space. These office hours will hopefully engage more interested parties to get involved in deep discussions and give a presentation to the regulators if needed.

The commission established LabCFTC three years ago in 2017. This was with the department reporting directly to the authorities chairman, Heath Tarbert. At the time, the chairman said:

“Blockchain, digital assets, and other developments hold great promise for our economy. Now is the time for LabCFTC to play an even greater role as we work to develop and write the rules for these transformative new products. That reality requires engagement at the highest levels within the CFTC, which is why I am elevating LabCFTC to be an independent operating office of the agency and a direct report to me.”

Looking them in more recent times, the commission awarded LabCFTC status as an independent operating office back in October last year. On top of the new status for LabCFTC, the office also announced its primer on artificial intelligence in the financial area.

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