Reiterating The IRS, A U.S. Government Agency Declares Bitcoin A Commodity

By September 18, 2015Bitcoin Business

Is bitcoin a currency or a commodity? According to the United Stated Commodity Futures Trading Commission (CFTC), bitcoin is the former . Its recent decision mirrors former verbiage by the IRS declaring bitcoin to be, as TechCrunch reported at the time, “ property, not currency .”

What’s going on? As it turns out, the CFTC recently settled charges with a bitcoin shop that allowed investors (gamblers?) to trade options on bitcoin. Given that the CFTC […]

Leave a Reply

All Today's Crypto News In One Place