September 18, 2015

Bitcoin An Official Commodity: US Trade Commission

The US Commodity Futures Trading Commission has ordered that bitcoin be treated as an official commodity and regulated accordingly. 

Digital currencies have been granted the status of an official commodity by the United States Commodity Futures Trading Commission (CFTC), which said that bitcoin operators must immediately ensure that their companies are legally registered under the applicable trading laws and regulations. The decision, published on Thursday, means transactions made in cryptocurrencies must now comply with CFTC regulations as well as the governing legislation...

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