Launch of Bakkt Might be Postponed due to Regulatory Delays and current US Government Shutdown

News reaching Ethereum World News indicate that the launch of Bakkt might be postponed for a second time. According to Coindesk, the parent company of both the New York Stock Exchange and Bakkt – Intercontinental Exchange (ICE) – is yet to receive the necessary approvals from the United States Commodity Futures Trading Commission (CFTC). The report by Coinbase went on to cite that the speed at which the CFTC is processing the necessary approvals might not be fast enough for the anticipated January 24th launch date of Bakkt. Initially, Bakkt was meant to go live on the 12th of December but had to be pushed to the January date.

However, according to sources privy of the matter, this does not mean the CFTC will not green-light Bakkt. What it means is that the launch of the new market might be pushed a few days forward due to the following two reasons.

Original source

Add comment

Please Sign in to be able to leave comments.