CFTC brings first enforcement case against a Bitcoin operator

By September 17, 2015Bitcoin Business

Bitcoin (virtual currency) coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. U.S. derivatives regulators brought their first case against a Bitcoin trading platform on Thursday, declaring that virtual currencies are deemed "commodities" covered under existing law.

The Commodity Futures Trading Commission said it had reached a settlement with San Francisco-based Coinflip Inc and its Chief Executive Francisco Riordan.

Bitcoin, a web-based "cryptocurrency" sold through exchanges, […]

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