Bitcoin is now a commodity according to the Commodity Futures Trading Commission (CFTC). On Thursday the organization publicly stated it had settled with a Bitcoin exchange for trading option contracts after an enforcement case against a Bitcoin operator.
"In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities," according to the press release. CFTC now has authority to oversee cryptocurrency futures and options. Bitcoin derivatives and futures platforms must register as a swap execution facility or designated contract market.
https://www.cryptocoinsnews.com/cftc-bitcoin-commodity/
Topic: [2015-09-18]CCN-CFTC: BITCOIN IS A COMMODITY (Read 361 times)
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