Facebook in Talks with CFTC on the Future of Globalcoin Crypto

Social media giant Facebook Inc. is in talks with the US Commodity Futures Trading Commission (CFTC) about the future of its cryptocurrency project, according to a report from the Financial Times on Sunday.

The FT said that the talks were “a sign of how the world’s largest social media platform is laying the groundwork for an ambitious push into payments,” although CFTC Chairman Christopher Giancarlo said that the conversations between the two entities are still in “very early stages.”

“We’re very interested in understanding it better,” he explained, adding that it’s far too early to make any decisions. “We can only act on an application, we don’t have anything in front of us.”

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