Category: commodity

Regulations Roundup: CFTC to Embrace DLT, SIM Swapping Task Force

In recent regulatory news, the chairman of the United States Commodity Futures Trading Commission has predicted that distributed ledger technology will soon be adopted by the CFTC to monitor the financial markets, and a supervisor of the REACT Task Force has emphasized the priority placed on policing SIM swapping in Northern California. In addition, Germany’s […]

The post Regulations Roundup: CFTC to Embrace DLT, SIM Swapping Task Force appeared first on Bitcoin News.

Continue Reading

Visa CEO Plays Down Cryptocurrency Threat, Indicates Possible Intervention

Visa CEO Plays Down Cryptocurrency Threat, Indicates Possible InterventionVisa chief executive officer Alfred Kelly has said that cryptocurrencies are not a significant threat to his company’s electronic payments hegemony. He nevertheless indicated that the legacy financial intermediary may move into handling cryptocurrency if there is an incentive to do so. Also Read: Japan Approves Self-Regulation of Cryptocurrency Exchanges Kelly: Cryptocurrency More a Commodity Than […]

The post Visa CEO Plays Down Cryptocurrency Threat, Indicates Possible Intervention appeared first on Bitcoin News.

Continue Reading

Bakkt Bitcoin Futures to Start Trading in December

Bakkt Bitcoin Futures to Start Trading in DecemberIntercontinental Exchange has announced that its Bakkt Bitcoin Daily Futures Contract will start trading on Dec. 12. Each trade “will result in physically delivered bitcoin” and will trade in U.S. dollar terms, the firm explained, adding that one contract will be listed for trading each exchange business day. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

The post Bakkt Bitcoin Futures to Start Trading in December appeared first on Bitcoin News.

Continue Reading

Former CFTC Chair Advocates ‘Technology Neutral’ Cryptocurrency Regulations

Former CFTC Chair Advocates "Technology Neutral" RegulationsThe former chairman of the United States Commodity Futures Trading Commission (CFTC), Gary Gensler, recently expressed his views on the regulation of cryptocurrency markets. Gensler emphasized his belief in the need for robust consumer protections, and also argued that the majority of initial coin offerings essentially comprise initial public offerings (IPOs). Also Read: Two US States […]

The post Former CFTC Chair Advocates ‘Technology Neutral’ Cryptocurrency Regulations appeared first on Bitcoin News.

Continue Reading

Four Court Cases Confirm Cryptocurrencies Are Commodities in the US

Four Court Cases Confirm Cryptocurrencies Are Commodities in the USCryptocurrencies are commodities, according to four court cases involving the U.S. Commodity Futures Trading Commission (CFTC). A federal judge recently ruled that a token is a commodity, certifying the CFTC’s authority to prosecute fraud and manipulation in the crypto space. In her ruling, the judge cited three other crypto-related cases that arrive at the same […]

The post Four Court Cases Confirm Cryptocurrencies Are Commodities in the US appeared first on Bitcoin News.

Continue Reading

CFTC Chair Explains Why US Has Regulated Bitcoin Futures but Not Bitcoin ETFs

CFTC Chair Explains Why the US Has Bitcoin Futures but Not Bitcoin ETFsThe chairman of the U.S. Commodity Futures Trading Commission (CFTC) has explained why bitcoin futures have been approved in the U.S. but bitcoin ETFs have not. He also shared his thoughts on the future of cryptocurrencies and how they can potentially solve currency-related problems in as much as two-thirds of the world’s countries. Also read: 160 […]

The post CFTC Chair Explains Why US Has Regulated Bitcoin Futures but Not Bitcoin ETFs appeared first on Bitcoin News.

Continue Reading

SEC, CFTC, FBI Take Action Against Bitcoin-Funded Securities Dealer 1Broker

SEC, CFTC, FBI Take Action Against Bitcoin-Funded Securities Dealer 1BrokerThree U.S. agencies have taken action against international bitcoin-funded securities dealer 1pool Ltd., aka 1Broker. The Securities and Exchange Commission (SEC) says 1Broker violated federal securities laws. The Commodity Futures Trading Commission (CFTC) says it violated the Commodity Exchange Act. Meanwhile, the company says it is working on letting customers withdraw their funds. Also read: 160 […]

The post SEC, CFTC, FBI Take Action Against Bitcoin-Funded Securities Dealer 1Broker appeared first on Bitcoin News.

Continue Reading

Bitcoin ETFs are a Terrible Idea: Andreas Antonopoulos

Bitcoin ETFs are a Terrible Idea: Andreas AntonopoulosAnnouncing this week he intended to “burst” the ecosystem’s “bubble” because of “Lambos” and “to the moon, and all that,” one of the most respected thought leaders in cryptocurrency, Andreas M. Antonopoulos revealed he believes bitcoin exchange traded funds (ETFs) are “a terrible idea.” The author of The Internet of Money and the seminal Mastering […]

The post Bitcoin ETFs are a Terrible Idea: Andreas Antonopoulos appeared first on Bitcoin News.

Continue Reading

U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations

U.S. Regulations Round-Up: CFTC Can’t Keep Pace With Crypto, Libertarian Candidate Accepts Bitcoin DonationsIn recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations; a U.S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN; and a candidate of the Wisconsin Libertarian Party is accepting donations in the […]

The post U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations appeared first on Bitcoin News.

Continue Reading

Indian Crypto Regulation Ready by September: Official

Indian Crypto Regulation Ready by September: OfficialThe Indian government is expected to issue detailed cryptocurrency guidelines by September, a senior official from the country’s Ministry of Finance reportedly said. Consultations with all stakeholders including the central bank have already begun. This announcement is independent of the supreme court’s hearing of petitions relating to crypto regulation in India. Also read: Yahoo! Japan Confirms […]

The post Indian Crypto Regulation Ready by September: Official appeared first on Bitcoin News.

Continue Reading

US Regulator’s Power Over Crypto Challenged in Court

US Regulator's Power Over Crypto Challenged in CourtThe US Commodity Futures Trading Commission (CFTC) is being challenged in court over its oversight of cryptocurrencies. The defendants argue that their tokens are not commodities, with no futures contracts, which the CFTC regulates. The outcome of this case could affect the Commission’s ability to police all future crypto frauds. Also read: Yahoo! Japan Confirms Entrance […]

The post US Regulator’s Power Over Crypto Challenged in Court appeared first on Bitcoin News.

Continue Reading

CFTC Subpoenas Leading Exchanges for Trading Data

CFTC Subpoenas Leading Exchanges for Trading DataAccording to anonymous sources cited by The Wall Street Journal, The United States Commodity Futures Trading Commission (CFTC) is coordinating with the U.S. Justice Department in conducting investigations into price manipulation in the spot BTC markets. The report claims that the CFTC launched a criminal probe into BTC price manipulation after several cryptocurrency exchanges rejected […]

The post CFTC Subpoenas Leading Exchanges for Trading Data appeared first on Bitcoin News.

Continue Reading

Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws

Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities LawsIn recent regulatory news, the United States Commodity Futures Trading Commission (CFTC) has rejected a Freedom of Information Act (FOIA) request regarding the subpoenas recently received by Bitfinex and Tether; the United States Securities and Exchanges (SEC) Chairman, Jay Clayton, has indicated that the regulator will not alter existing securities legislation to cater to cryptocurrencies. […]

The post Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws appeared first on Bitcoin News.

Continue Reading

Virtual Currencies to Become “Part of the Economic Practices” of All Nations – CFTC Commissioner

Virtual Currencies to Become "Part of the Economic Practices" of All Nations - CFTC CommissionerUnited States Commodities Futures Trading Commission (CFTC) commissioner, Rostin Behnam recently gave a speech in which he predicted that “virtual currencies […] will become part of the economic practices of any country.” The CFTC commissioner predicted that cryptocurrencies will have a transformative effect in providing financial services to unbanked populations, and undermine corruption through increasing […]

The post Virtual Currencies to Become “Part of the Economic Practices” of All Nations – CFTC Commissioner appeared first on Bitcoin News.

Continue Reading

CFTC Publishes Advisory On Listing Cryptocurrency Derivatives

CFTC Publishes Advisory On Listing Cryptocurrency DerivativesThe United States Commodity Futures Trading Commission (CFTC) has issued an advisory for exchanges and clearinghouses providing guidance pertaining to the assessment and listing of cryptocurrency derivatives. Also Read: Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics CFTC Issues Advisory Regarding Cryptocurrency Derivatives The CFTC’s Division of Market Oversight (DMO) and Division of Clearing […]

The post CFTC Publishes Advisory On Listing Cryptocurrency Derivatives appeared first on Bitcoin News.

Continue Reading

By continuing to use the site, you agree to the use of cookies. more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close