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…

It’s Not Them, It’s Us. 5 Reasons Why Crypto Has an Image Problem

It’s Not Them, It’s Us. 5 Reasons Why Crypto Has an Image Problem

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The rise of the internet in the 1990’s brought concerns about pirated software and various illegal activities, but as internet usage grew, these concerns largely fell by the wayside. Today, we see much of the same happening to the cryptocurrency industry and its growing image problem. Shady business practices, high-profile hacks, environmental challenges, speculation, market…

U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations

U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations

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In recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations; a U.S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN; and a candidate of the Wisconsin Libertarian Party is accepting donations in the…

Federal Judge Wavers As CFTC Seeks Injunction in Crypto Fraud Case

Federal Judge Wavers As CFTC Seeks Injunction in Crypto Fraud Case

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The CFTC is wrapping up its case against accused fraudster Patrick McDonnell – but the hearings in New York this week have been anything but simple.

CFTC Commissioner Says We Are Witnessing a ‘Revolution’, Cryptocurrencies Are a ‘Modern Miracle’

CFTC Commissioner Says We Are Witnessing a ‘Revolution’, Cryptocurrencies Are a ‘Modern Miracle’

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US Commodity Futures Trading Commission Commissioner Rostin Behnam labeled cryptocurrencies as a “modern miracle” at a recent summit, sharing a bullish stance on virtual currencies and predicting that blockchain technology will remake economic, social and political structures. US Commodity Futures Trading Commission Commissioner Rostin Behnam Behnam discussed cryptocurrencies at the June 4 BFI Summit “Fostering…

Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws

Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws

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In recent regulatory news, the United States Commodity Futures Trading Commission (CFTC) has rejected a Freedom of Information Act (FOIA) request regarding the subpoenas recently received by Bitfinex and Tether; the United States Securities and Exchanges (SEC) Chairman, Jay Clayton, has indicated that the regulator will not alter existing securities legislation to cater to cryptocurrencies.…