Former CFTC members: Regulatory can solve bit currency fluctuations


nnThe former US Commodity Futures Trading Commission members have raised concerns about the volatility of the money market, and there may be man-made manipulation. Said that if the government has begun to monitor, you can proceed with market research. While calling on technical supporters to take the initiative to cooperate with regulators as soon as possible to avoid the negative impact.n
nTranslation: Annie_Xun
Former US market regulators are concerned about the volatility of the encrypted money market, believing that regulation can solve these problems.n
CNBC contributor Bart Chilton was a member of the CFTC (Commodity Futures Trading Commission) from 2007 to 2014, and his article mentions that price volatility is worrying. Earlier this month, Bitcoin broke through the $ 5,000 line and then fluctuated in negative technology development news. Due to the deadline, the CoinDesk Bitcoin Price Index shows that the spot currency is trading at around $ 3,651.n
Chilton said price volatility, in particular, warns users that bitbell prices may rise.n
n”There is no doubt that if the digital currency has been regulated, I will investigate the huge price changes we see.”n
nChilton concludes that “money will be digitized” and the encrypted currency will be part of the process. At the same time, he called on technical supporters to continue to move forward to take measures to actively cooperate with regulators.n
n”Do not wait for the government to take action to prevent the development of digital money, digital technology enthusiasts should take the lead for these new innovative financial technology to develop appropriate regulatory monitoring.”n
nChilton has worked at the Clinton and Obama administration, calling for President Barack Obama to issue regulatory frameworks to regulate encrypted money.n

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