CFTC Lawsuit Alleges $147 Million in Bitcoin Defrauded From Trading Scheme Investors
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22,858.822 bitcoin were misappropriated under Control-Finance’s Ponzi-like scheme.
Category: CFTC
CME’s Bitcoin Futures Hit New Records
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Ever since the Chicago Board Options Exchange (Cboe) announced it was ending its bitcoin futures products back in March, the Chicago Mercantile Exchange (CME Group) has seen a huge influx of bitcoin derivatives volumes. During the second week of May, CME’s bitcoin futures touched a milestone when it surpassed 33,000 contracts ($1.3 billion notional value)…
U.S. is Falling Behind in Crypto Exchange Volume: Regulation to Blame?
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Despite being home to the NYSE and NASDAQ, which comfortably lead the rest of the planet in terms of exchange volumes, the U.S. has conceded its initial crypto exchange leadership position to Asia. While U.S. exchanges—such as Poloniex—once recorded the highest volumes, a new breed of hard-driving Asian exchanges—such as Binance and Huobi—now lead the pack,…
Road to Consensus with CFTC Chair Giancarlo – Regulating the Blockchain
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CoinDesk’s Nolan Bauerle goes one-on-one with the man whose regulatory oversight extends to the commodities and futures markets – including cryptocurrency.
Are Regulators Dividing in Order to Conquer?
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As regulators are now seemingly dividing the markets geographically, are they perhaps even disturbing a possible level playing field of the markets? It, therefore, warrants a closer look at regulators, and—perhaps more importantly—ascertain what sets them apart. The past few months we have seen regulators taking positions when it came to cryptocurrencies, ICOs, and the…
Analysis: Understanding the SEC’s Stance on Crypto
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Last year the U.S. Securities Exchange Commission took enforcement action against initial coin offerings and other crypto companies perpetrating fraud. Many believe 2019 will be the year when regulators clamp down on rogue cryptocurrency operators. Here we decode the overlapping and occasionally contradictory stance taken by U.S. regulators, and consider what the market can expect.…
Why the CFTC’s Questions About Ethereum Matter
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The questions on ethereum the CFTC put to the public show that the regulator has been considering derivatives on cryptocurrencies other than bitcoin – they also point to a new collaborative approach to sector oversight.
Nasdaq Reportedly Looking into Bitcoin Futures Despite Plunging Prices
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The world’s second largest stock exchange, Nasdaq, is reportedly planning to introduce a Bitcoin futures market within the first quarter of 2019. The Bitcoin market has plunged by more than 80 percent across the spot markets, data from CryptoSlate has shown, but it hasn’t deterred the world second largest stock exchange from eyeing the lucrative…
Crypto Money Laundering Rules to Be In Place by June, Says FATF
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Paris-based global money laundering watchdog organization Financial Action Task Force (FATF) laid out requirements on Friday for jurisdictions across the globe, saying they would have to license or regulate their crypto exchanges. FATF amends its global Standards to address the regulation of virtual assets and prevent their misuse for #moneylaundering and #terroristfinancing ➡️https://t.co/R5R7j484Td pic.twitter.com/mOqeY25aJd —…
US Federal Judge Rules My Big Coin a Commodity, CFTC Can Pursue Charges
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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…
