US regulator accepts bitcoin as a commodity

US regulator accepts bitcoin as a commodity

Digital currencies like bitcoin simply got here one step nearer to legitimacy within the US. As a part of its first motion towards an unregistered bitcoin choices buying and selling outfit, the Commodity Futures Buying and selling Fee has decided that digital currencies are commodities topic to its laws. The transfer each places cryptocurrency on the identical degree as typical commodity derivatives (like futures contracts or swaps) and rejects the notion that they are ‘simply’ securities, like shares. This is not a surprising transfer when the CFTC had already hinted that it might rule this manner, nevertheless it might imply so much if it each will get bitcoin exchanges off the bottom and reduces the potential for abuse.

[Image credit: Thomas Trutschel/Photothek via Getty Images]

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US regulator accepts bitcoin as a commodity

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