ืžื•ืคืขืœ ืข"ื™
Regulation

ืฉื™ื ื•ื™ ืจื’ื•ืœื˜ื•ืจื™ ื ื”ื™ื” ื—ื™ื•ื‘ื™: ืืจื”"ื‘ ืžื•ื›ื ื” ืœื”ืคื•ืš ืœืžืจื›ื– ื’ืœื•ื‘ืœื™ ืœืงืจื™ืคื˜ื•, ื“ื”-ืคื™ื™ ื•ื ื’ื–ืจื™ื

ื”ืจื’ื•ืœืฆื™ื” ืขืœ ืžื˜ื‘ืขื•ืช ืงืจื™ืคื˜ื• ื‘ืืจื”โ€ื‘ ื ื›ื ืกืช ืœืคืจืง ื—ื“ืฉ ื•ืžื›ืจื™ืข ื›ืืฉืจ ืžื ื”ื™ื’ื™ื ืคื“ืจืœื™ื™ื ืžืชืงื“ืžื™ื ืœื™ื™ืฉืจ ืืช ื”ืคื™ืงื•ื—, ืœื”ื‘ื”ื™ืจ ืืช ื”ื—ื•ืงื™ื ื•ืœื‘ืกืก ืืช ื”ื“ื•ืžื™ื ื ื˜ื™ื•ืช ื”ืืžืจื™ืงืื™ืช ื‘ืฉื•ื•ืงื™ ื”ื ื›ืกื™ื ื”ื“ื™ื’ื™ื˜ืœื™ื™ื ื‘ืืžืฆืขื•ืช ืคืขื•ืœื” ืžืชื•ืืžืช ื‘ื™ืŸ ืกื•ื›ื ื•ื™ื•ืช ื•ืกืžื›ื•ื™ื•ืช ืจื’ื•ืœื˜ื•ืจื™ื•ืช ืงื™ื™ืžื•ืช.

ื ื›ืชื‘ ืข"ื™
ืฉืชืฃ
ืฉื™ื ื•ื™ ืจื’ื•ืœื˜ื•ืจื™ ื ื”ื™ื” ื—ื™ื•ื‘ื™: ืืจื”"ื‘ ืžื•ื›ื ื” ืœื”ืคื•ืš ืœืžืจื›ื– ื’ืœื•ื‘ืœื™ ืœืงืจื™ืคื˜ื•, ื“ื”-ืคื™ื™ ื•ื ื’ื–ืจื™ื

ืžื˜ื‘ืขื•ืช ืงืจื™ืคื˜ื• ื‘ืžืจื›ื– ื”ืขื ื™ื™ื ื™ื ื›ืฉืืจื’ื•ื ื™ื ืจื’ื•ืœื˜ื•ืจื™ื™ื ื‘ืืจื”โ€ื‘ ืžืกืžื ื™ื ืขื™ื“ืŸ ื—ื“ืฉ ืฉืœ ื‘ื”ื™ืจื•ืช

ืฉืœื‘ ื—ื“ืฉ ื‘ืจื’ื•ืœืฆื™ื” ื”ืคื™ื ื ืกื™ืช ืฉืœ ืืจื”โ€ื‘ ืžืชืขืฆื‘ ื›ืืฉืจ ืžื ื”ื™ื’ื™ื ืคื“ืจืœื™ื™ื ืžืคืจื˜ื™ื ืืช ื”ืชื•ื›ื ื™ื•ืช ืœื”ืชืื™ื ืืช ื”ืคื™ืงื•ื— ืœื˜ื›ื ื•ืœื•ื’ื™ื•ืช ื”ืžืชืคืชื—ื•ืช. ื™ื•โ€ืจ ืจืฉื•ืช ื”ืžืกื—ืจ ื‘ื—ื•ื–ื™ื ืขืชื™ื“ื™ื™ื ืขืœ ืกื—ื•ืจื•ืช (CFTC) ืžื™ื™ืงืœ ืก. ืกืœื™ื’ ืฉื™ืชืฃ ืืช ื—ื–ื•ืŸ ื”ืžื“ื™ื ื™ื•ืช ืฉืœื• ื‘-29 ื‘ื™ื ื•ืืจ, ื‘ืคื™ืจื•ื˜ ื’ื™ืฉื” ืžืชื•ืืžืช ืœืฉื•ื•ืงื™ ืงืจื™ืคื˜ื•, ื ื’ื–ืจื™ื ื•ื”ืื—ื“ื” ืจื’ื•ืœื˜ื•ืจื™ืช.

ืกืœื™ื’, ืฉื‘ืืžืฆืข ื“ื‘ืจื™ื• ื”ืจืืฉื•ื ื™ื ื›ื™ื•โ€ืจ ื‘ืื™ืจื•ืข ืžืฉื•ืชืฃ ืฉืœ CFTCโ€“ืจืฉื•ืช ื ื™ื™ืจื•ืช ืขืจืš (SEC) ืฉืœ ืืจื”โ€ื‘, ืชื™ืืจ ืกื“ืจ ื™ื•ื ืžืžื•ืงื“ ื‘ื‘ื”ื™ืจื•ืช ืจื’ื•ืœื˜ื•ืจื™ืช, ืชื™ืื•ื ื‘ื™ืŸ-ืกื•ื›ื ื•ื™ื•ืช ื•ื—ื“ืฉื ื•ืช ืœืœื ืขื™ื›ื•ื‘. ื”ื•ื ื”ืฆื”ื™ืจ:

โ€œืขื ืžืขื•ืจื‘ื•ืช ืžื•ืฉื›ืœืช ื•ืžื—ื•ื™ื‘ื•ืช ืœื—ื“ืฉื ื•ืช ืขืงืจื•ื ื™ืช, ืืจื”โ€ื‘ ื ืžืฆืืช ื‘ืขืžื“ื” ื™ื™ื—ื•ื“ื™ืช ืœื”ืจื—ื™ื‘ ืืช ืขืžื™ื“ื•ืช ื”ืขืœ ืฉืœื” ืœืขื™ื“ืŸ ื”ืงืจื™ืคื˜ื•.โ€

ื”ื•ื ื”ื•ืกื™ืฃ ื›ื™ ื”ืฉื™ื ื•ื™ื™ื ื”ืžื“ื™ื ื™ื™ื ื”ืื—ืจื•ื ื™ื ืขื™ืฆื‘ื• ืžื—ื“ืฉ ืืช ืกื‘ื™ื‘ืช ื”ืจื’ื•ืœืฆื™ื”, ื•ืืžืจ, โ€œื•ืชื•ื“ื•ืช ืœื”ื ื”ื’ืช ื”ื ืฉื™ื ื˜ืจืืžืค, โ€˜ืžื‘ืฆืข ื ืงื•ื“ืช ื—ื ืง 2.0โ€™ ื”ื™ืกื˜ื•ืจื™ื”, ืจื’ื•ืœืฆื™ื” ื‘ืืžืฆืขื•ืช ืื›ื™ืคื” ืžืชื”, ื—ื•ืง GENIUS ื”ื•ื ื—ื•ืง, ื”ืงื•ื ื’ืจืก ืขืœ ืกืฃ ื”ืขื‘ืจืช ื—ื•ืงื™ ืžื‘ื ื” ื”ืฉื•ืง, ื•ืืจื”โ€ื‘ ื”ื™ื ื›ืขืช ื‘ื™ืจืช ื”ืงืจื™ืคื˜ื• ื‘ืขื•ืœื.โ€ ืกืœื™ื’ ื”ื’ื“ื™ืจ ืืช ื”ื”ืชืคืชื—ื•ื™ื•ืช ื”ืœืœื• ื›ื™ืฆื™ืจืช ืžืจื—ื‘ ืœืกื•ื›ื ื•ื™ื•ืช ืœืคืขื•ืœ ื‘ืฆื•ืจื” ืžื›ืจืขืช ืชื•ืš ืฉื™ืžื•ืฉ ื‘ืกืžื›ื•ื™ื•ืช ืงื™ื™ืžื•ืช ื‘ื–ืžืŸ ืฉื”ืžื—ื•ืงืงื™ื ืžืฉืœื™ืžื™ื ืจืคื•ืจืžื•ืช ื—ืงื™ืงื” ืจื—ื‘ื•ืช ื™ื•ืชืจ.

ืงืจืื• ืขื•ื“: ืคืจื™ืฆืช ื“ืจืš ืจื’ื•ืœื˜ื•ืจื™ืช: ืชื™ืื•ื SEC-CFTC ืžืฆื™ื™ืŸ ื ืงื•ื“ืช ืžืคื ื” ื‘ืฉื•ื•ืงื™ ื”ืงืจื™ืคื˜ื• ืฉืœ ืืจื”โ€ื‘

ืžืื•ื—ืจ ื™ื•ืชืจ ื‘ื”ืขืจื•ืชื™ื•, ื™ื•โ€ืจ ื”-CFTC ืคื™ืจื˜ ืคืขื•ืœื•ืช ืจื’ื•ืœื˜ื•ืจื™ื•ืช ืกืคืฆื™ืคื™ื•ืช ื”ืžืชืžืงื“ื•ืช ื‘ืžืกื—ืจ ื‘ืžื˜ื‘ืขื•ืช ืงืจื™ืคื˜ื• ื•ืžื‘ื ื” ืฉื•ืง. ื”ื•ื ื”ืกื‘ื™ืจ:

โ€œืชื—ื™ืœื”, ื”ื ื—ื™ืชื™ ืืช ืฆื•ื•ืช ื”-CFTC ืœื”ืชื—ื™ืœ ื‘ื ื™ืกื•ื— ื›ืœืœื™ื ื”ืžื‘ื”ื™ืจื™ื ืžืชื™ ื ื™ืชืŸ ืœื”ืฆื™ืข ืขืกืงืื•ืช ืงืžืขื•ื ืื™ื•ืช ื‘ืžื˜ื‘ืขื•ืช ืงืจื™ืคื˜ื• ืžืžื•ื ืคื•ืช ืื• ืžืžื•ืžื ื•ืช ืžื—ื•ืฅ ืœืฉื•ืง, ืชื—ืช ื—ืจื™ื’ ืฉืœ โ€˜ืžืกื™ืจื” ื‘ืคื•ืขืœโ€™.โ€

ื”ื•ื ื”ื•ืกื™ืฃ, โ€œืฉื ื™ืช, ื‘ื™ืงืฉืชื™ ืžืฆื•ื•ืช ื”-CFTC ืœื”ืชื—ื™ืœ ื‘ื ื™ืกื•ื— ื›ืœืœื™ื ื”ืžืฆืคื ื™ื ื“ืจื™ืฉื•ืช ืœืฉื•ื•ืงื™ ื—ื•ื–ื™ื ืžื™ื•ืขื“ื™ื (DCM) ื”ื‘ื•ื—ืจื™ื ืœื”ืฆื™ืข ืืช ื”ืขืกืงืื•ืช ื”ืืœื” ื‘ืคืœื˜ืคื•ืจืžื•ืช ื”ื ื•ื›ื—ื™ื•ืช ืฉืœื”ื.โ€ ืกืœื™ื’ ืกื™ื›ื ืืช ื”ื—ืœืง ื”ื–ื” ืขืœ ื™ื“ื™ ื”ื‘ื”ืจืช ื”ื’ื™ืฉื” ื”ืืจื•ื›ื” ื™ื•ืชืจ ืฉืœ ื”ืกื•ื›ื ื•ืช, ื•ืืžืจ, โ€œืœื‘ืกื•ืฃ, ื”ื ื—ื™ืชื™ ืืช ืฆื•ื•ืช ื”-CFTC ืœื—ืงื•ืจ ืืช ื™ืฆื™ืจืช ืงื˜ื’ื•ืจื™ื” ื—ื“ืฉื” ืฉืœ ืจื™ืฉื•ื DCM ื”ืžื•ืชืืžืช ื‘ืžื™ื•ื—ื“ ืœืžืกื—ืจ ื‘ืžื˜ื‘ืขื•ืช ืงืจื™ืคื˜ื• ืžืžื•ื ืคื™ื, ืžืžื•ืžื ื™ื ืื• ืžืชื•ื—ื–ืงื™ื ื‘ืงืžืขื•ื ืื•ืช.โ€ ื”ื•ื ืชื™ืืจ ืืช ื”ืฆืขื“ื™ื ื”ืืœื” ื›ื—ืœืง ืžืžืืžืฆื™ื ืจื—ื‘ื™ื ื™ื•ืชืจ ืœืื—ื“ ืืช ื”ืคื™ืงื•ื— ืขื ื”-SEC, ืœื”ืคื—ื™ืช ืชืื™ืžื•ืช ื›ืคื•ืœื” ื•ืœื”ื‘ื˜ื™ื— ืฉื—ื“ืฉื ื•ืช ื‘ื ื›ืกื™ ืงืจื™ืคื˜ื•, ื ื’ื–ืจื™ื ื•ืฉื•ื•ืงื™ื ืขืœ-ืฉืจืฉืจืช ืชืชืคืชื— ื‘ืชื•ืš ื”ื”ื™ืงืฃ ื”ืจื’ื•ืœื˜ื•ืจื™ ืฉืœ ืืจื”โ€ื‘ ืชื•ืš ืฉืžื™ืจืช ืฉืœืžื•ืช ื”ืฉื•ืง ื•ื”ื’ื ื•ืช ืœื™ื‘ื”.

ืฉืืœื•ืช ื ืคื•ืฆื•ืช โฐ

  • ืžื” ื”ื™ื ื”ื’ื™ืฉื” ื”ื—ื“ืฉื” ืฉืœ ื”-CFTC ืœืจื’ื•ืœืฆื™ื” ืขืœ ืžื˜ื‘ืขื•ืช ืงืจื™ืคื˜ื•?
    ื”ืกื•ื›ื ื•ืช ืžืชื›ื ื ืช ืœื”ื‘ื”ื™ืจ ืืช ื”ื—ื•ืงื™ื ืœืžืกื—ืจ ืงืžืขื•ื ืื™ ื‘ืžื˜ื‘ืขื•ืช ืงืจื™ืคื˜ื• ืชื•ืš ืชื™ืื•ื ื”ื“ื•ืง ืขื ื”-SEC.
  • ื›ื™ืฆื“ ื™ื•ืกื“ืจ ื”ืžืกื—ืจ ื‘ืžื˜ื‘ืขื•ืช ืงืจื™ืคื˜ื• ืžืžื•ื ืคื™ื?
    ื”-CFTC ืžื›ื™ืŸ ื˜ื™ื•ื˜ื•ืช ื›ืœืœื™ื ืœืขืกืงืื•ืช ืžื—ื•ืฅ ืœืฉื•ืง ื•ืคืœื˜ืคื•ืจืžื•ืช ื”ืžืฆื™ืขื•ืช ืžืกื—ืจ ืžืžื•ื ืฃ ื‘ืžื˜ื‘ืขื•ืช ืงืจื™ืคื˜ื•.
  • ืžื”ื• ืชืคืงื™ื“ ื—ื•ืง GENIUS ื‘ืคื™ืงื•ื— ืขืœ ืžื˜ื‘ืขื•ืช ืงืจื™ืคื˜ื•?
    ื”ื—ื•ืง ืชื•ืžืš ื‘ืกืžื›ื•ืช ืจื’ื•ืœื˜ื•ืจื™ืช ื‘ืจื•ืจื” ื™ื•ืชืจ ื›ืืฉืจ ืกื•ื›ื ื•ื™ื•ืช ืคื•ืขืœื•ืช ืชื—ืช ืกืžื›ื•ื™ื•ืช ืงื™ื™ืžื•ืช.
  • ืœืžื” ืืจื”โ€ื‘ ืžืฆื™ื‘ื” ืืช ืขืฆืžื” ื›ื‘ื™ืจืช ื”ืงืจื™ืคื˜ื•?
    ืžื ื”ื™ื’ื™ื ืคื“ืจืœื™ื™ื ืฉื•ืืคื™ื ืœื™ื™ืฉืจ ื—ื“ืฉื ื•ืช, ืฉืœืžื•ืช ืฉื•ืง ื•ื‘ื”ื™ืจื•ืช ืจื’ื•ืœื˜ื•ืจื™ืช ื‘ืชื•ืš ืืจื”โ€ื‘.
ืชื’ื™ื•ืช ื‘ื›ืชื‘ื” ื–ื•