U.S. swaps watchdog considering bitcoin regulation

“The U.S. derivatives regulator is studying whether it should regulate electronic currencies such as bitcoin, its chief said on Tuesday, as regulators across the globe start taking the emerging technology more seriously.  ‘We are looking into that,’ Mark Wetjen, acting chairman of the Commodity Futures Trading Commission, told journalists after giving a speech at an industry conference. ‘It’s been initiated, there’s been an internal discussion at the staff level.’  Wetjen said the CFTC, which regulates swaps and futures, has broad authority to counter manipulation of commodity markets, and it is studying whether bitcoin falls under those rules.”

http://in.reuters.com/article/2014/03/11/bitcoin-regulation-idINDEEA2A0FL20140311

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