US Federal Trade Commission Plans to Create Blockchain Work Group

US Federal Trade Commission (FTC) announced today that has created a Blockchain Work Group in order to target fraudulent teams which affect their consumer protection and competition missions.

This group intends on combining expertise and practices on one platform which will coordinate efforts in countering fraud in blockchain and cryptocurrency related fields.

The group stated that they have three goals:

1. building staff and cryptocurrency in blockchain technology through resource sharing as well as utilizing outside experts.
   
2. Assisting with internal communication on enforcement actions.
   
3. Setting up forums in order to discuss potential influences on the FTC’s objectives.

FTC Chief Technologists, Neil Chilson states “we believe a working group is an important step to ensure... READ THE FULL STORY HERE