US CFTC defines 'actual delivery' of crypto-asset as having sole control 28 days later

posted 3 months ago
The US Commodity Futures Trading Commission published its final guidance on "actual delivery for digital assets" seemingly settling a longstanding question on when a cryptocurrency can be "delivered" from one party to another.

The CFTC officially stated that in its view, "actual delivery" occurs when a customer has complete control over the asset and the offeror no longer has any control over the asset by the end of 28 days after the transaction. The publication comes following several years of public input from exchanges and other stakeholders.
Tags: blockchain, bitcoin, news