[New post] CFTC brings first enforcement case against a Bitcoin operator

sskarthik posted: "By Sarah N. Lynch WASHINGTON (Reuters) - U.S. derivatives regulators brought their first case against a Bitcoin trading platform on Thursday, declaring that virtual currencies are deemed "commodities" covered under existing law. The Commodity Fu" Respond to this post by replying above this line New post on SKarthik.info CFTC brings first enforcement case against a Bitcoin operator by sskarthik By Sarah N. Lynch WASHINGTON (Reuters) - U.S. derivatives regulators brought their first case against a Bitcoin trading platform on Thursday, declaring that virtual currencies are deemed "commodities" covered under existing law. The Commodity Futures Trading Commission said it had reached a settlement with San Francisco-based Coinflip Inc and its Chief Executive Francisco Riordan. Because these Bitcoin options are deemed "commodities," the CFTC said the business should have been properly registered and subject to the laws governing swaps. Read more... sskarthik | September 18, 2015 at 4:34 am | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3ksR Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/09/18/cftc-brings-first-enforcement-case-against-a-bitcoin-operator/ Thanks for flying with WordPress.com