“Bitcoin ‘is for sure something we need to explore’, Bart Chilton, one of the five commissioners at the Commodity Futures Trading Commission (CFTC) told the Financial Times. Said Mr Chilton: ‘It’s not monopoly money we’re talking about here – real people can have real risk in these instruments, and we need to ensure that we protect markets and consumers, even in what at first blush appear to be ‘out there’ transactions.’ In essence, we’re talking about a type of shadow currency, and there is more than a colourable argument to be made that derivative products relating to Bitcoin falls squarely in our jurisdiction.'”
http://www.economicpolicyjournal.com/2013/05/breaking-cftc-considering-bitcoin.html
Related posts:
Argentina Is Getting Clobbered
Sen. Rubio ‘open’ to cutting off all Muslim student visas
The Easiest Country to Obtain Residency: Panama
OpenBazaar: The Decentralized Offspring of Ebay & Amazon
County sheriff has used stingray over 300 times with no warrant
Bitcoin Gains Favor With Modern Day ‘Gold Bugs’ Seeking Financial Security
Should Defendants With Frozen Assets Have Right To Hire Lawyers?
Tweet referencing Pink’s song ‘Timebomb’ gets teen arrested at concert
Copyright Lawyers vs Patent Lawyers Smackdown: And The Winner Is...
Trump Nuke Plan Resets the Doomsday Clock
60 Lab Studies Now Confirm Cancer Link to a Vaccine You Probably Had as a Child
The Man Who Sowed the Seeds of Puerto Rico’s Collapse
The Anti-Hong Kong: Tanzania Bans Private Statistics
Cop who randomly slammed woman to the ground receives threats
Family orchard ransacked by hungry mobs after owners generously offer undersized peach crop free to ...
