Coinflip had operated an unregistered platform for bitcoin options. The order placed derivatives based on virtual currencies within the CFTC’s Commodity Exchange Act authority.
All events
The CFTC classifies bitcoin as a commodity
In an enforcement order against Coinflip, the U.S. Commodity Futures Trading Commission held that bitcoin and other virtual currencies are commodities.
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IN THE SHOWThe Long Arm of the Law