Bitcoin officially classified as commodities accept formal regulation

bitcoin monetary system in the capital market are still in an awkward position, so it is always neither fish nor fowl.

but that has changed.

has long been talking about whether bitcoin can be defined as commodities, the U.S. Commodity Futures Trading Commission (CFTC) is also considering the same problem. Fortunately, there is an answer to the question.

CFTC Thursday released a document for the first time to bitcoin and other virtual currency is defined as a reasonable commodity, and the classification of crude oil or wheat.

this means that bitcoin futures and options to comply with the provisions of the CFTC and accept supervision, trading behavior requires compliance with all commodity derivatives market rules. If the futures market operations and other improper behavior, then CFTC will be able to punish this behavior.

in the future, want to operate a bitcoin derivatives trading platform, then companies need to be registered, otherwise it will be shut down regulators.

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