He also mentioned that it is not a surprise to see US regulators wanting more jurisdiction, giving rise to bizarre rulings.Bitcoin is now classed as a commodity in the U.S. after a landmark case which opens the path for regulators to clamp down on cryptocurrency traders.
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.It has already been proven multiple times, starting from bitcoin being considered as currency by FinCEN, money by SEC, property by the IRS and recently commodity by CFTC.Select Site CBS Cares CBS Films CBS Radio CBS.com CBSInteractive CBSNews.com CBSSports.com Chowhound CNET College Networks GameSpot Last.fm MaxPreps Metacritic.com Moneywatch mySimon Radio.com Search.com Shopper.com Showtime TechRepublic The Insider TV.com UrbanBaby.com ZDNet.Bitcoin is a worldwide cryptocurrency and digital payment system:3 called the first decentralized digital currency, since the system works without a central.Bitcoin holders have long been able to use their digital assets to hold gold and even take physical delivery.Considering the fiat currencies of the world are going hyperinflation beast mode.
In its first recognition that virtual currency is a commodity, the U.S Commodity Futures Trading Commission has charged a Bitcoin exchange with operating an.Bitcoin and other cryptocurrencies have been officially deemed a commodity by the Commodity Futures Trading Commission on September 17.
SimpleFx | Forex, Bitcoins, Indices and CommoditiesRecent Developments in the Regulation of Bitcoin under. purchase goods or services using Bitcoin, they can buy and sell Bitcoin like a commodity,.
Commodity traders, banks face hard realities with game
Regulator Recognizes Bitcoin as a Commodity - CFOCFTC simultaneously declared digital currency a commodity and charges Coinflip.Buy Gold and Silver with Bitcoin, Litecoin, and Ethereum at Veldt Gold.US publication decided to go around and ask the bitcoin community about their views on bitcoin as a commodity and recent statement by Aitan Goelman.
CFTC Defines Bitcoin and Digital Currencies as Commodities
CFTC Declares Bitcoin As A Commodity | PYMNTS.comThe decision, published on Thursday, means transactions made in cryptocurrencies must now comply with CFTC regulations as well as the governing legislation, the Commodity Exchange Act.Last fall we saw bitcoin receive an unusual amount of attention.But the digital asset does possess characteristics of a commodity.He has been part of multiple startups and his current project focuses towards the social good sector.
Every department considers bitcoin as their own and want to control over it.
Bitcoin operator settles with federal government | Fortune.comBitcoin is now officially a commodity according to U.S. regulators, Bloomberg Business reports.
Bitcoins Officially Deemed A Commodity - Yahoo FinanceThe Commodity Futures Trading Commission (CFTC) says that Bitcoin will now be classified as a commodity in the U.S.
Government to regulate Bitcoin as a commodityPlease review our terms of service to complete your newsletter subscription.