According to sources, The Wall Street Journal, the Commission on trade commodity futures U.S. (CFTC) is delaying the approval to launch cryptocurrency platform Bakkt because of its plans for storing bitcoins customers.
As reported last month, the regulator has notified the representatives of the platform that the physical storage of the assets will be associated with the implementation of additional requirements: for example, disclosure of a detailed business plan and gather public comments for a certain period. In this regard, in Bakkt refused this possibility and discuss with the CFTC other options.
Recall that, according to the expectations of the CEO of Intercontinental Exchange (ICE) Jeff Sprecher (Jeff Sprecher), Bakkt will be launched later this year and will be “betting on a steep rise.” In the first round of financing platform has attracted $182,5 million of 12 business partners. Its first product should be a 1 BTC contracts with physical delivery from its own repository.