CFTC Ruling Defines Bitcoin and Digital Currencies as Commodities

By September 17, 2015Bitcoin Business

CFTC logo The US Commodity Futures Trading Commission (CFTC) has issued its first action against an unregistered bitcoin options trading platform, ordering the startup to cease operations and simultaneously settling the case.

The CFTC charged San Francisco-based startup Coinflip Inc, which does business under the name Derivabit, and CEO Francisco Riordan with conducting activity related to commodity options, without registering with the agency or meeting rules for exemption.

With the ruling , the CFTC has also […]

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