“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:
Governments Worldwide Adopting FATCA Style Legislation
Maryland county school board to own all students’ work with copyright policy
Tennessee politician arrested for habit of masturbating out car window at 90 mph
Homeland Security Classifies ICE Ammo Purchase Following Controversy
Oakland Congresswoman Fights Medical Marijuana Crackdown
Apple may buy 1/3 of world’s gold production to meet iWatch demand
The Treasury Secretary on How Unstable U.S. Government Finances Are
Another Revolving Door: Deputy Secretary Neal. Wolin to Leave Treasury
IRS Seized $17 Million From Innocent Business Owners Using Asset Forfeiture
Over 7,700 Americans Have Been Arrested Protesting Big Banks
Jim Rogers: Financial Calamity - It's Coming, Be Worried, Be Careful
A View of the ‘Real China’ from Beijing’s Wangfujing Street
Police Department Planted Drugs on Young Black Men For Years; D.A. Complicit
Janet Yellen: Fed Has No Authority To Regulate Bitcoin
Toddler Denied Kidney Transplant Because Donor Violated Parole