“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:
Employment Ratios: Total, Men, and Women
Editorial-Page Fiction at the New York Times
Oops: TSA Doesn't Think Terrorists Are Plotting To Attack Airplanes
One Third Of Athens Businesses Shuttered
Four Men Busted for Stealing Hundreds of Thousands From Bank Accounts Using Fake Credit Cards
Triticum Fever, by Dr. William Davis, author of Wheat Belly
Marijuana: Will It Ever Be Legal? States Lead the Charge as Opinion Shifts
“Snowden Effect” in Action: NSA Authority to Collect Bulk Phone Metadata Expires
Meet the nice-guy lawyers who want $1,000 per worker for using scanners
What's the Deal with Bitcoins Anyway?
Report: Iraq, Afghanistan Wars Will Cost U.S. $4-6 Trillion Dollars [2013]
Why the US is Really Chasing War With Syria
'Oregon Trial'
World War III: The False Narrative that Fuels Conflict in Syria and Beyond
Do You Live in One of These States That People are Fleeing?