Commodities futures trading commission bitcoin

Year in Review S government restricting the trading of grain futures to regulated futures exchanges. Partner Links. The CFTC plays an important role in regulating financial markets. Download Sponsored by. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Read more about

CFTC Regulated Brokers

This FAQ is provided for informational purposes and does not constitute the rendering of legal or other professional advice. Individuals and entities should in all cases seek advice from their independent legal and professional advisors regarding the matters discussed. London time. As with any other derivatives product, the accounting treatment of positions in Bitcoin futures, and the general local regulatory treatment of trading commissjon Bitcoin derivatives, may differ commodities futures trading commission bitcoin country and between competent jurisdictions. Market participants are solely responsible for complying with all applicable US and local requirements.

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The ascension of Bitcoin into the financial mainstream has brought a new asset class known as cryptocurrencies into the spotlight. Functioning as exclusively digital forms of money, cryptocurrencies facilitate both commerce and trade through the implementation of advanced blockchain technology. This versatility fosters differing views pertaining to their classification as either commodities or currencies. As the global benchmark for cryptocurrencies, Bitcoin has drawn the attention of financial authorities worldwide. Citing concerns over security and its role in illegal enterprise, Bitcoin has been banned outright by several developing nations, as well as coming under fire in Russia and China. The truth is, a case can be made for either designation, but the official answer depends largely upon geographical location and political influence.

What is the CFTC?

William Sprouse. On July 16,the Commodity Futures Trading Commission issued a customer advisory on digital tokens. Bitcoin Price. 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. Download Sponsored by. Your Practice. Riccardo Spagni. It said it viewed bitcoin and other virtual currencies commodities inbut so far it had not decided on ether. Unlike the cash-settled bitcoin futures listed by the Chicago exchanges Cboe and CME, in physically settled futures the buyer receives the underlying commodity when a contract expires, rather than the fiat commodities futures trading commission bitcoin. Subscribe Now. Read more about Exempt Commodity An exempt commodity is any commodity other than an excluded or agricultural commodity.