CFTC official: cryptocurrencies are not going away

posted 4 months ago
Cryptocurrencies are here to stay, a U.S. Commodity Futures Trading Commission official said this week.

Rostin Benham, one of the CFTC's commissioners emphasized the major potential for blockchain to address issues in healthcare, employment and crime, among other sectors, as well as the new technology's ability to remake "our economic, social, and political relations."

Calling cryptocurrencies a "technological revolution," Behnam said:

"Virtual currencies may – will – become part of the economic practices of any country, anywhere. Let me repeat that: these currencies are not going away and they will proliferate to every economy and every part of the planet ... Virtual currencies could transform the economic and social landscape."
Tags: opinion, bitcoin