Houman B. Shadab, who recently appeared at the CFTC meeting which focused on issues related to clearing Non-Deliverable Forwards (NDFs) and the digital currency bitcoin, has released a paper titled Regulating Bitcoin and Block Chain Derivatives.
The 22 page length paper discusses the growing number of firms which offer Bitcoin derivatives of which most have been for retail traders to date, how regulating blockchain derivatives may be done, futures, smart contracts and options. It concludes by suggesting that the CFTC might consider an exemption for derivatives that meet policy objectives and is sensitive to the potential of Bitcoin.