CFTC adopts the NASDAQ Capital Control Tool to combat the manipulation of the market star-news.press/wp

CFTC, which is an American financial organizer, is to merge A financial control tool developed by NASDAQ in an attempt to repair infrastructure in the 1990s.

The NASDAQ program focuses on discovering market abuse, including trade activity from within and manipulating the market in stocks and encryption markets. He said:

“The specially designed algorithms discover unique suspicious patterns for digital asset markets. They provide an actual time analysis of requests for applications via encryption trading places and market analyzes through markets that can link activities between traditional and digital asset markets.”

The data that is fed in the monitoring system “will be obtained by CFTC through its regulatory powers.”

Financial monitoring is still a hot issue in Crypto, where privacy advocates discuss that monitoring creates conditions for digital “prison”, and others argue that money laundering techniques are necessary for institutional adoption of encryption.

Related to: The US Department’s Defi Id ID plan is “Like placing cameras in every living room”

Defi sector is increasingly concerned with monitoring

The US Treasury Ministry explores the ability to request checks to identify digital identity in smart contracts for decentralized financing (Defi) to combat illegal financial flows.

It was one of the directives provided in the encryption of the White House a report From July, which also included the suggestions of tax structure and market structure for digital assets in the United States.

The White House report recommended that the Ministry of Treasury and the National Institute for Standards and Technology (NIST) develop additional parameters that learn about digital assets.

The report also recommended a review of the current NIST digital identity guidelines and the repair of identity reliance tools.

Critics of these suggestions say that adding such tools to Defi protocols betray the basic spirit of non -central architecture.

“If you convert a neutral infrastructure that is authorized to those in which access to the government approved identity papers is accessed, it mainly changes what Defi means,” said Mamadou Kepewjim Toure, CEO of the Obonto investment platform for Cointelegraph.

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