Category: CFTC
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CFTC Chair Explains Why US Has Regulated Bitcoin Futures but Not Bitcoin ETFs
The 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…
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SEC, CFTC, FBI Take Action Against Bitcoin-Funded Securities Dealer 1Broker
Three 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…
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US Federal Judge Rules My Big Coin a Commodity, CFTC Can Pursue Charges
A U.S. federal judge has ruled that My Big Coin is a virtual currency meeting the definition of a commodity, which falls within the jurisdiction of the Commodity Futures Trading Commission (CFTC). This allows the regulator to pursue fraud charges involving the cryptocurrency. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Judge…
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Regulations Roundup: U.S. Govt. Pays $5.7 Million for Blockchain Analysis, Amit Bhardwaj’s Assets Seized
In recent regulatory news, a report published by Diar has found that U.S. government agencies have paid approximately $5.7 million USD to blockchain analysis contractors, India’s Enforcement Directorate has seized $5.9 Million worth of assets linked to the case of Amit Bhardwaj, and the Bank of International Settlements finds cryptocurrencies to “not, at this point,…
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CFTC Opens Registration for First Fintech Conference
The U.S. Commodity Futures Trading Commission (CFTC) will host its first-ever fintech conference, Oct. 3-4, at its headquarters in Washington D.C. Registration for the event is now open. FinTech Forward 2018 The CFTC’s LabCFTC and the Office of Customer Education and Outreach (OCEO) have teamed up to welcome innovators, regulators, market participants, thought-leaders and the…
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Exchanges Round-Up: Price Spread and Institutions, Brazil Surveys Exchanges
In recent news pertaining to exchanges, Sfox has attributed a reducing spread in the price of BTC across exchanges to the increased presence of institutional investors in the cryptocurrency markets, Brazil’s government has issued a questionnaire to three local crypto exchanges seeking to obtain data pertaining to their operations, and data from the United States…
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Cboe Global Markets Hints at Launching Ethereum Futures
The introduction of cryptocurrency-based derivatives poses a potential catalyst for institutional investors to enter the sector, and with Bitcoin futures already available, Cboe Global Markets has revealed that they’re close to launching Ethereum futures. Ether Futures Coming Soon As the first exchange to launch Bitcoin futures, Cboe Global Markets has told market makers that it…
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$1.1 Million Landmark Crypto Fraud Case Establishes CFTC Jurisdiction
The US Commodities Futures Trading Commission (CFTC) helped bring a fraud case to court, hoping to both assist in its ultimate prosecution and establish precedent. The New York Eastern District Court decided in the CFTC’s favor, ending in a combined over $1.1 million decision in fines and restitution. It also established the regulator as having…