CFTC has released FAQs on crypto assets, further clarifying previous guidance on tokenized collateral (25-39) and the digital asset margin no-action stance (26-05). The guidance specifies valuation and haircut principles for Bitcoin, Ethereum, and payment-type stablecoins as margin, maintains consistency with the SEC framework, and emphasizes the need to incorporate liquidity, custody segregation, and risk management systems.
CFTC has released FAQs on crypto assets, further clarifying previous guidance on tokenized collateral (25-39) and the digital asset margin no-action stance (26-05). The guidance specifies valuation and haircut principles for Bitcoin, Ethereum, and payment-type stablecoins as margin, maintains consistency with the SEC framework, and emphasizes the need to incorporate liquidity, custody segregation, and risk management systems.