カテゴリー: CFTC

Regulations Roundup: Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in Cryptocurrency

Regulations Roundup: Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in CryptocurrencyIn recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes. We also look at the Michigan Secretary of State’s ban on crypto-based political donations, as well as the recent certification of X8’s stablecoin for Shariah compliance. In addition, […]

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Regulations Roundup: Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in Cryptocurrency

Regulations Roundup: Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in CryptocurrencyIn recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes. We also look at the Michigan Secretary of State’s ban on crypto-based political donations, as well as the recent certification of X8’s stablecoin for Shariah compliance. In addition, […]

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Regulations Roundup: CFTC to Embrace DLT, SIM Swapping Task Force

In recent regulatory news, the chairman of the United States Commodity Futures Trading Commission has predicted that distributed ledger technology will soon be adopted by the CFTC to monitor the financial markets, and a supervisor of the REACT Task Force has emphasized the priority placed on policing SIM swapping in Northern California. In addition, Germany’s […]

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Bakkt Bitcoin Futures to Start Trading in December

Bakkt Bitcoin Futures to Start Trading in DecemberIntercontinental Exchange has announced that its Bakkt Bitcoin Daily Futures Contract will start trading on Dec. 12. Each trade “will result in physically delivered bitcoin” and will trade in U.S. dollar terms, the firm explained, adding that one contract will be listed for trading each exchange business day. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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Former CFTC Chair Advocates ‘Technology Neutral’ Cryptocurrency Regulations

Former CFTC Chair Advocates "Technology Neutral" RegulationsThe former chairman of the United States Commodity Futures Trading Commission (CFTC), Gary Gensler, recently expressed his views on the regulation of cryptocurrency markets. Gensler emphasized his belief in the need for robust consumer protections, and also argued that the majority of initial coin offerings essentially comprise initial public offerings (IPOs). Also Read: Two US States […]

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Regulations Roundup: Crypto-Intermediaries in France, SEC Deadline for Rejected ETF Commentary

Regulations Roundup: Crypto-Intermediaries in France, SEC Deadline for Rejected ETF CommentaryIn recent news pertaining to cryptocurrency regulations, French lawmakers are considering a proposed amendment that would introduce a regulatory framework for crypto-asset intermediaries; the U.S. Securities and Exchange Commission (SEC) has announced October 26th as the deadline for the submission of public comments relating to the nine exchange-traded funds (ETFs) it recently rejected; and a […]

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Four Court Cases Confirm Cryptocurrencies Are Commodities in the US

Four Court Cases Confirm Cryptocurrencies Are Commodities in the USCryptocurrencies are commodities, according to four court cases involving the U.S. Commodity Futures Trading Commission (CFTC). A federal judge recently ruled that a token is a commodity, certifying the CFTC’s authority to prosecute fraud and manipulation in the crypto space. In her ruling, the judge cited three other crypto-related cases that arrive at the same […]

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CFTC Chair Explains Why US Has Regulated Bitcoin Futures but Not Bitcoin ETFs

CFTC Chair Explains Why the US Has Bitcoin Futures but Not Bitcoin ETFsThe chairman of the U.S. Commodity Futures Trading Commission (CFTC) has explained why bitcoin futures have been approved in the U.S. but bitcoin ETFs have not. He also shared his thoughts on the future of cryptocurrencies and how they can potentially solve currency-related problems in as much as two-thirds of the world’s countries. Also read: 160 […]

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SEC, CFTC, FBI Take Action Against Bitcoin-Funded Securities Dealer 1Broker

SEC, CFTC, FBI Take Action Against Bitcoin-Funded Securities Dealer 1BrokerThree U.S. agencies have taken action against international bitcoin-funded securities dealer 1pool Ltd., aka 1Broker. The Securities and Exchange Commission (SEC) says 1Broker violated federal securities laws. The Commodity Futures Trading Commission (CFTC) says it violated the Commodity Exchange Act. Meanwhile, the company says it is working on letting customers withdraw their funds. Also read: 160 […]

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US Federal Judge Rules My Big Coin a Commodity, CFTC Can Pursue Charges

US Federal Judge Rules My Big Coin a Commodity, CFTC Can Pursue ChargesA 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 […]

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