CFTC Launched the Online Resources for Bitcoin Investors

Nishanth Shetty

Nishanth Shetty

December 19, 2017 11:02 am

CFTC Launched the Online Resources for Bitcoin Investors | Coindelite News
22448 Total Views

Bitcoin News

The top derivatives regulator in the U.S has created a new information portal for the cryptocurrencies, after the major launch of bitcoin futures.

The U.S. Commodity Futures Trading Commission (CFTC) launched its new cryptocurrency resource website,  which is developed for educating the public regarding these wholly digital commodities. The site features links to a level of CFTC launch, including an October primer from its LabFTC arm and information regarding futures, launches from firms such as CBOE and CME Group.

The agency described:

“[Financial] technologies have the potential for significant or even transformational impact on CFTC regulated markets and the agency itself. One of the most recent marketplace developments driving a lot of interest is the rise in prominence of virtual currencies, specifically bitcoin.”

The website was launched on Friday, the same day the CFTC launched its proposed definitions for “delivery” in the context of cryptocurrency assets. The agency has begun on a 90-day comment period regarding the proposal, requesting feedback from the public on an issue that had stoked criticism and beguiled regulators working on the possible solutions.

The release may represent a kind of normalization for bitcoin at the agency, which moved to classify bitcoin as a kind of commodity in 2015. Indeed, the CFTC’s chief reviewed earlier this month that, in his view, Bitcoin is an unusual kind of commodity by the agency’s standards.

The head of the SEC, Jay Clayton, Said:

“I have said consistently that virtual currencies are unlike any commodity that the CFTC has dealt with in the past, and I know they pose challenges for the SEC as well.”

No Comments
Ripple and XRP: Key Differences Explained

  These days a huge number of companies and organizations, banks are adopting the Ripple technologies. Somehow, XRP has been knocked between the price dip, regulations, etc. Have you ever compared Ripple and XRP and saw the difference?. I think most of us haven’t. So, here you could understand the difference …

GPU Prices Finally Gain Stability After an Year-Long Surge

GPU prices drop after being rising for almost a year. Since May 2017, there was a steep increase in the price of dedicated graphics cards. Surprisingly, this was not due to the rise in the number of game releases, but this was due to the general public’s interest in cryptocurrency. An …

UK Mosque has Raised 14,000 GBP as the Cryptocurrency Donation

  In May, UK’s Shacklewell Lane Mosque had announced that it would start accepting cryptocurrency as Sadaqah (donations). The Mosque has collected a huge 13,983 GBP (Great British Pounds) in cryptocurrency during Ramadan. Turkish runs the mosque in Hackney, in East London. The mosque had planned to start accepting cryptocurrency at …

Dark Web’s World Cup Gambling Ring Seized by Chinese Police

Chinese officials have shut down an online gambling ring on Thursday. The bets made on the matches used cryptocurrencies that included Bitcoin, Litecoin, and Ethereum. Over $1.5 billion had been accumulated through this scheme. Rather than betting, this scam allowed recruiters to profit off other members. The official statement by The …

Ripple wants to Beat Bitcoin in India | Coindelite News
1
Ripple Wants to Beat Bitcoin in India

  Ripple (XRP), the most bank-targetted blockchain protocol, Ripple (XRP) will be taking over fifty percent of India’s finance sector by preparing payments with low fees and capable systems. Ripple Vice President Asheesh Birla recently became a part of the Scaling and Digital Disruption in Fintech conference and said, Ripple …

Crypto.com announces The MCO Visa Card

  Crypto.com is launching of a new Cryptocurrency enabled MCO Visa Card. This card will allow users to spend their cryptocurrency at more than 40 million locations worldwide, offering the same benefits as some of the best credit cards. To use this card, users will need to download their app which features a …

shares