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The CFTC has announced the launch of the Crypto Sprint program to collaborate with the SEC's Project Crypto.
BlockBeats News, August 2nd. Caroline D. Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), announced today that the CFTC will launch a Crypto Sprint Initiative to begin implementing the recommendations of the President's Working Group on Financial Markets report.
“The CFTC is working diligently to realize President Trump's vision of making the United States the world's crypto capital,” Acting Chair Pham stated. “We will collaborate closely with SEC Chair Paul Atkins and Commissioner Hester Peirce to advance ‘Project Crypto.’ Providing clear regulation for the digital asset market now and fostering innovation will deliver on the government's commitment to usher in the crypto golden age.”
Officials noted that since January, the CFTC has hosted its first-ever Crypto CEO Forum, rescinded outdated staff letters, and issued new guidance to enhance regulatory transparency for U.S. and global crypto and digital asset innovators and entrepreneurs. The CFTC has discussed a pilot program for the digital asset market and participated as an observer in industry tokenization initiatives.
Furthermore, the CFTC recently concluded public comment periods on two crypto market innovations — 24/7 trading and perpetual derivatives. Perpetual derivatives have been trading on CFTC-registered designated contract markets (DCMs) since April, with 24/7 trading implemented since May.
BlockBeats previously reported that the SEC's Project Crypto initiative will enable the U.S. financial markets to achieve on-chain capabilities, helping President Trump make the U.S. the “world capital of cryptocurrency” and maintain America’s leading position in the crypto asset market.
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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