The CFTC's Not-So-Hidden Message: Traders Beware
Geoffrey Aronow is a partner at Sidley Austin LLP in Washington DC. He has provided compliance advice and represented clients in investigations and proceedings at the CFTC and the SEC for over 30 years. Aronow co-authored this piece with Brian Klein, a partner at the litigation boutique Baker Marquart and a former US federal prosecutor. He represents clients involved with digital currency and blockchain technology. This article explores recent rulings by the US Commodity Futures Trading Commission and how they affect bitcoin traders across the world. The US Commodity Futures Trading....
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A commissioner of the Commodity Futures Trading Commission (CFTC), Mark Wetjen, has spoken out in favour of flexible bitcoin regulation in the derivatives space and beyond. His statements came in the aftermath of a CFTC webcast, organised last week to discuss a number of questions related to digital currencies. On the day, more than 5,000 people across the world tuned in to watch the event, which was by far the largest online audience attracted by a CTFC meeting to date. Notably, more of the viewers were from Guangzhou, China, than Washington, DC, according to the commission. Wetjen has....
A Biblical message was unearthed in block number 666,666 of the Bitcoin blockchain: "Do not be overcome by evil..." A hidden Biblical message has been found embedded in a transaction in block number 666,666 of the Bitcoin (BTC) blockchain. The message is a quotation from the sixth book in the New Testament, the Epistle to the Romans. First spotted by @[email protected], it reads:“Do not be overcome by evil, but overcome evil with good - Romans 12:21.”Biblical reference in Bitcoin block 666,666. Source: Bitcoinhackers.orgThe transaction in question saw an equal amount of Bitcoin —....
The CFTC is investigating major cryptocurrency exchange Binance over concerns U.S. users bought and sold derivatives without approval.
The United States Government seems to be undecided about the status of bitcoin in the country. In what seems like a conflict between different departments, every department directly or indirectly related to banking and finance are calling it their own. This has caused enough confusion among bitcoin and digital currency companies operating in the country. Recently the United States Commodities Futures Trading Commission (CFTC) had filed a case against one of the San Francisco based Bitcoin trading platforms. Coinflip was taken to task for not having proper regulatory clearances from the....
The US Commodity Futures Trading Commission (CFTC) announced on Thursday that American traders will now have access to foreign cryptocurrency exchanges, marking another regulatory breakthrough for the digital asset industry. US Residents To Trade On Global Crypto Platforms The CFTC’s Division of Market Oversight released an advisory regarding the foreign board of trade (FBOT) registration […]