Bitcoin ruled as a commodity? What does it mean?

Last Thursday the United States Commodities Futures Trading Commission (CFTC) settled charges against a small and now-defunct operation in San Francisco called Coinflip, which marketed bitcoin derivatives. In the process, the CFTC asserted for the first time that bitcoin is a “commodity”.

What does that determination mean for the bitcoin ecosystem and what does this new kind of enforcement action mean for the future?

Read more over at Coindesk…

 

Posted in Bitcoin News.

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