- As the Pentagon strives to recruit more tech workers, it must decide if investing in Bitcoins or other cryptocurrency indicates a tendency toward risky personal behavior, Bloomberg reports.
- Some see cryptocurrencies as new investments and payment methods, while others see them as potential vehicles for illegal activities.
- "There is no current Department of Defense guidance related to reporting of ownership of cryptocurrencies," the Defense Security Services states on its website. It says it's working with DoD policy offices for further clarification.
- If cryptocurrency ownership does become a red flag, it's sure to bog down a system that already has a backlog of more than 700,000 background investigations.
- Separately, the Commodity Futures Trading Commission has issued guidelines for listing virtual currency derivative products for exchanges and clearinghouses registered with the CTFC.
- The advisory addresses areas such as: enhanced market surveillance, large trader reporting, outreach to member and market participants, and Derivatives Clearing Organization risk management and governance.
- Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC-OLD, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:ARSC, OTCPK:USTC, OTCPK:BLKCF, COINB, BTC-USD, ETH-USD, XRP-USD, BCH-USD
- Previously: JPMorgan joins other Wall Street firms in exploring digital money potential (May 17)
Crypto in the news: Security clearance issues, CFTC's derivatives guidelines
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