The definition of “commodity” under the CFTC’s authorizing statute could be read to include Bitcoin, in which case the CFTC would have authority to bring enforcement actions against anyone who attempts to manipulate the virtual currencyBeyond Currencies
“If [Bitcoin] works, we can re-implement the entire financial system as a distributed system as opposed to a centralized system. We can reinvent the entire thing.” … Bitcoin or similar technologies can be used as platforms for financial innovation in the digital transfer of currency, securities, contracts and sensitive information. Such innovation could play a fascinating role in the derivatives markets as well as financial services more broadly, as Mr. Andreessen suspects.The CFTC then seems to believe that Bitcoin has potential to recreate many of the financial industry systems. Several experts also believe that most of the futures regulation that the CFTC oversees could be written as smart contracts on the Bitcoin blockchain, thus making it unnecessary to explicitly regulate Bitcoin futures contracts.
Rarely can derivatives regulators anticipate a new market’s potential benefits while devising an appropriate regulatory framework. But virtual currencies such as Bitcoin, and other competing protocols and related technologies, represent such an opportunity.
Exchange Act (CEA) by operating a facility for the trading or processing of commodity options without registering as a swap execution facility (SEF) or as a designated contract market (DCM). 2. The order marks the CFTC’s first enforcement action involving Bitcoin derivatives and serves as a formal CFTC pronouncement that Bitcoin and other cryptocurrencies are properly classified as ... Former acting CFTC Chairman and LedgerX board member Mark Wetjen is the new CEO at Miami International Futures Exchange, where he will build out its crypto asset and derivatives products. Some of Bitcoin enthusiast Mike Caldwell's coins and paper vouchers, often called "paper wallets", are pictured at his office in this photo illustration in Sandy, Utah, January 31, 2014. Wetjen wrote that Bitcoin, which he refers to as a “virtual currency,” is important to the commission because a number of merchants who now accept Bitcoin for payment have expressed the need to hedge exposures to fluctuations in Bitcoin’s value. He said that the commission was recently presented with a swap contract on the digital currency that has been listed for trading by one ... LedgerX already recruited a CFTC Commissioner to their team: James E. Newsome, Ph.D., an Independent Director at LedgerX, served at the CFTC from 2000 until 2004, when he assumed the role of President and CEO of the New York Mercantile Exchange, which was acquired for $11.2 billion in 2008 by the CME Group, the parent company of the Chicago Mercantile Exchange.
[index]          
Top current and former senior government officials shared high-level views on the evolving policy landscape for digital currency and blockchain technologies. Moderator: Jerry Brito, Coin Center ... Bitcoin zit in een ‘symmetrische driehoek’: de prijs beweegt nauwelijks meer. Dat betekent vaak een uitbraak. Naar beneden (want weinig volume) of naar boven... DAS WIRD BITCOIN AM WOCHENENDE MACHEN... !!!!! Bis zu fast 2000$ kostenlos für deine ersten Trades auf diesen Exchanges! 🔶 ByBit: https://www.bybit.com/app/... bitcoin & litecoin buy, sell, store & transfer cryptocurrency the easy way using bitMahavi cryptocurrency services. Go to www.bitmahavi.com register/login to... Top 10 Bitcoin Cryptocurrency ExchangeTop Crypto Exchange In WorldHindi Video Top 10 Bitcoin Crypto Exchange in World About This Video Friends is Video hum...