The US CFTC has refined its rules for the crypto collateral pilot program: BTC/ETH capital adequacy ratio 20%.

CoinFeed reported on March 22 that, according to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) has provided detailed guidance on a pilot program allowing crypto assets as collateral. The regulator has reiterated that futures brokers (FCMs) participating in the pilot program must submit a notice to the Market Participants Division specifying the start date for accepting crypto assets as margin. Key points include: 1. Capital Requirements: Only Bitcoin, Ethereum, and stablecoins can be accepted as collateral. BTC/ETH requires a 20% capital adequacy ratio, and stablecoins require 2%. For the first three months, participating futures brokers can only accept Bitcoin, Ethereum, or stablecoins; 2. Compliance and Reporting Obligations: Participating futures brokers must promptly report significant cybersecurity or system issues and submit weekly reports on the total amount of crypto assets in client accounts; 3. Expansion after three months: Other crypto assets can be added.