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The US Commodity Futures Trading Commission (CFTC) is being challenged in court over its oversight of cryptocurrencies. The defendants argue that their tokens are not commodities, with no futures contracts, which the CFTC regulates. The outcome of this case could affect the Commission’s ability to police all future crypto frauds. Also read: Yahoo! Japan Confirms Entrance … Read more
It was only a matter of time until regulators introduced new guidance for cryptocurrency derivatives and associated products. Considering that these investment vehicles are of great interest to consumers and institutional investors alike, it only makes sense that the CFTC would take a special interest in such products. The CFTC’s new Guidelines are in Place Bringing more … Read more
The United States Commodity Futures Trading Commission (CFTC) has issued an advisory for exchanges and clearinghouses providing guidance pertaining to the assessment and listing of cryptocurrency derivatives. Also Read: Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics CFTC Issues Advisory Regarding Cryptocurrency Derivatives The CFTC’s Division of Market Oversight (DMO) and Division of Clearing … Read more
Derivatives trading platform provider Plus500 posted a 284% increase in revenues in the first quarter of this year compared to the previous year, largely due to high levels of interest in its cryptocurrency CFDs offerings. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Triple Digit Rise On Tuesday, contracts for difference (CFDs) market provider … Read more
Just hours after short positions on Bitcoin eclipsed longs, and as BTC shorts volume reached an all-time high, Bitcoin saw an explosion, appreciating over US$900 in under an hour, a growth of 13%. Since the pump, global cryptocurrency markets have risen over 10%, to just under US$300 billion. Speculators overwhelmingly agree that the cause for … Read more
In a statement released 6 April 2018, the Financial Conduct Authority (FCA) of England attempted to clarify its jurisdiction in the ever-booming cryptocurrency industry. While acknowledging cryptos are “not currently” regulated by the bureau, crypto futures, contracts for difference (CFDs), options, and initial coin offerings (ICOs) do indeed fall under their purview. Furthermore, crypto firms … Read more
Austria Finance Minister Hartwig Löger is urging both his country and the broader European Union to treat cryptocurrencies such as bitcoin in a regulatory fashion as they do now with regard to gold and derivatives. Also read: How To Regain Control From Nanny Zuck Austria Floats Ideas About Bitcoin Regulation “The cryptocurrencies are in the process … Read more
The U.S. Commodity Futures Trading Commission (CFTC) has issued its first warning against pump-and-dump schemes involving cryptocurrencies while giving advice on how to buy crypto. This warning follows previous warnings by two other U.S. regulators. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies CFTC’s Warning The CFTC issued a Customer Protection Advisory … Read more
The U.S. Commodity Futures Trading Commission has filed charges against three separate companies for engaging in fraudulent schemes involving cryptocurrencies. The cases include fraud and misappropriation of bitcoin and litecoin. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations CFTC Sues Crypto Operators The U.S. Commodity Futures Trading Commission (CFTC) filed civil … Read more
Following the issuance of its bitcoin bond, Japanese investment research group Fisco Corporation is now launching a cryptocurrency fund. The company is also planning to offer derivative products as well as several other crypto-related services. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Fisco Launching Crypto Fund Tokyo-based … Read more
