The Commodity Futures Trading Commission has announced the creation of LabCFTC, a multui-faceted hub for the agency’s engagement with FinTech innovators.
The new initiative is aimed at promoting responsible FinTech innovation to improve the quality, resiliency, and competitiveness of the markets the CFTC oversees. Located in New York LabCFTC will also look to accelerate the Commission's engagement with FinTech and RegTech solutions that may enable the it to carry out its mission responsibilities more effectively and efficiently.
“LabCFTC is the agency’s focal point to promote FinTech innovation and fair competition by making the CFTC more accessible to FinTech innovators and serving as a platform to inform the CFTC’s understanding of new technologies,” the announcement says. “Further, LabCFTC will be an information source for the Commissioners and the CFTC staff on responsible innovation that may influence policy...
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