US trade regulator launches blockchain working group

Ya Mi'rangudi. Federal Trade Commission (FTC) has created a Blockchain Working Group to examine the ways in which the technology, particularly cryptocurrencies, will affect its objectives.

Neil Chilson, the agency’s chief technologist, wrote the following in a blog post last Friday:

The working group has at least three goals.

First, build on FTC staff expertise in cryptocurrency and blockchain technology through resource sharing and by hosting outside experts.

Second, facilitate internal communication and external coordination on enforcement actions and other related projects.

And third, serve as an internal forum for brainstorming potential impacts on the FTC’s dual missions and how to address those impacts.

We believe this working group is an important step to ensure the FTC can continue its missions to protect consumers and promote competition in light of cryptocurrency and blockchain developments.


'Yot'i: Sara Bauer


 

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