US CFTC Advisor Chou Calls Blockchain Without Bitcoin Efforts Misguided

US CFTC Advisor Chou Calls Blockchain Without Bitcoin Efforts Misguided

Paul Chou, CEO of LedgerX and a bitcoin confidant to a U.S. Commodities and Future Trading Commission (CFTC), says companies perplexing to use a blockchain but bitcoin are severely misguided, and so distant a judgment is unproven, according to New York Business Journal.

Chou says bitcoin and blockchain are inextricably related and contingency sojourn as such for blockchain record to turn widely adopted. Chou’s LegderX is operative to settle a regulated bitcoin derivatives market.

Separate Bitcoin And Blockchain?

Chou and other bitcoin advocates contend but an inducement to recompense a far-reaching network, blockchain will remove a effectiveness.

LedgerX is building products for financial institutions regulating bitcoin. The association has lifted about $1.5 million in try collateral and is seeking additional funding.

Paul Chou

Paul Chou, Bitcoin Advisor to a USCFTC

Chou in Sep 2014 submitted applications to a CFTC to turn a barter execution trickery (SEF) and was postulated provisional standing in 2015. He has also practical to turn a derivatives clearing classification (DCO)



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