The regulators in the U.S. call Bitcoin a commodity but in many ways it is both a commodity and a currency instrument.Author: Topic: Bitcoin: Commodity, Store of Value or Digital.Also read: Africa Central Bankers Looking to Regulate Bitcoin.Some of the members of bitcoin community refrained from making any rash comments.
But the digital asset does possess characteristics of a commodity.A recent Bloomberg article argued that bitcoin is neither a real currency nor a commodity.Digital currencies have been granted the status of an official commodity by the United States Commodity Futures Trading Commission (CFTC), which said that bitcoin operators must immediately ensure that their companies are legally registered under the applicable trading laws and regulations.
Referring to bitcoin as a currency is a risky move at the moment.
Bitcoin ruled as a commodity? What does it mean? – Point
Bitcoin community has its say on U.S. commodity ruling
They are willing to jump the ship and move their company to a different jurisdiction altogether as soon as they notice signs of things going south.Bitcoin price is caught in a market-wide down-draft and has fallen through the boards of a once promising channel of advance.
Bitcoin and other cryptocurrencies have been officially deemed a commodity by the Commodity Futures Trading Commission on September 17.In the evolving effort of U.S. regulators to determine how Bitcoin fits within the existing set of financial services regulations, the U.S. Commodity Futures Trading.
Commodity traders, banks face hard realities with game
Get your quality trading signals for bitcoin, gold, oil and silver.Bitcoin holders have long been able to use their digital assets to hold gold and even take physical delivery.
It has already been proven multiple times, starting from bitcoin being considered as currency by FinCEN, money by SEC, property by the IRS and recently commodity by CFTC.Please review our terms of service to complete your newsletter subscription.Under Section 4c of the Act and Part 32 of the regulations, bitcoin operators in the US must now be registered as a Swap Execution Facility or a Designated Contract Market.
EU Rules Bitcoin Is a Currency, Not a Commodity—Virtually
Live Bitcoin data, market capitalization, charts, prices, trades and volumes.
Bitcoin becomes a commodity even it is a currency because it is not.US publication decided to go around and ask the bitcoin community about their views on bitcoin as a commodity and recent statement by Aitan Goelman.
Banco de Mexico Governor: Bitcoin is Commodity Rather than
Bitcoin is now classified as a commodity in the U.S. along with gold, oil and pork bellies, according to the Commodity Futures Trading Commission.
The basic idea of trading wholesale goods between parties is as old as commerce itself.
Giving examples of UK and other countries where different departments interact with each other before coming to a conclusion, while taking public opinion into consideration.On Thursday, September 17, 2015, Bitcoin, one of the rapidly growing number of digital currencies, or cryptocurrencies, was declared a commodity by the Commodities.ClearPoll, Blockchain Based Public Opinion Polls Platform Launches Pre-ICO.NewsBTC is a news service that covers bitcoin news, technical analysis and forecasts for bitcoin and other altcoins.
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Bitcoin was classed as a commodity in the U.S. in September 2015 by the Commodity Futures Trading Commission (CFTC), which started to clamp down on unregistered.Classifying bitcoin as commodities was really, really, really important for the development of bitcoin in this p.Bitcoin Price (BTC USD): Get all information on the Bitcoin to US-Dollar Exchange Rate including Charts, News and Realtime Price.After two years of lackluster returns, the price of a single coin soared more than 100% this year — leaving it on track for its best annual performance since 2013.
And 2016’s best-performing commodity is bitcoin
The US Commodity Futures Trading Commission has ordered that bitcoin be treated as an official commodity and regulated accordingly.The U.S. government says bitcoin is not. U.S. government is calling bitcoin anything but a currency. the Commodities and Futures Trading Commission.