Facebook talks to U.S. regulator about its cryptocurrency

Facebook's upcoming cryptocurrency project is getting more real by the day. 

According to the Financial Times, the social media giant is in talks with the U.S. Commodity Futures Trading Commission (CFTC) about its project to launch a digital coin of its own. 

The report quotes Christopher Giancarlo, the head of the CFTC, as saying that the regulator is in "very early stages of conversations" with Facebook about the project. 

SEE ALSO: Facebook's engagement is sinking with no end in sight

No formal application has been filed, so Giancarlo did not speak about specifics. He did say the regulator is "very interested" in understanding the project better.  Read more...

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