The Global Markets Advisory Committee of the Commodity Futures Trading Commission held a public meeting on October 9, in which one panel addressed Bitcoin. The meeting focused on informing the staff regarding basic applications of Bitcoin technology and issues relating to bitcoin-based derivative instruments. Among the panelists for the CFTC meeting was Leonard Nuara, president of TeraExchange LLC. Mr. Nuara announced the execution of the first regulated bitcoin swap on the TeraExchange platform, which recently received approval from the CFTC as a swap execution facility.
Click here to see the CFTC Global Markets Advisory Committee meeting agenda.