Regulator filed first case against a bitcoin options trading platform Thursday
The US Commodity Futures Trading
Commission (CFTC) has officially brought bitcoin under its
regulatory scope, deeming the virtual currency a commodity,
after filing and settling the first charges against a bitcoin
The ruling draws an important line in the
sand by the regulator; there has been much discussion over
whether bitcoin and other virtual currencies would be defined
as a commodity, and therefore fall under the
In the ruling the CFTC said late on
Thursday that it "holds that bitcoin and other virtual
currencies are a commodity covered by the Commodity Exchange
The regulator’s decision is
not surprising, said Carolyn Jackson, partner at Katten Muchin
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