07 May '13, 3pm

US financial regulator: We could regulate Bitcoin “if we wanted”

The American financial regulator for derivatives trading has told multiple news outlets that it is considering new rules for Bitcoin. "Here's what I know for sure: we could regulate it if we wanted. That is very clear," Bart Chilton, one of five commissioners at the Commodity Futures Trading Commission (CFTC) told Reuters in an interview on Monday. He also told CNBC on Tuesday that he wanted to make sure that the entire scheme was not a "house of cards ." "I don't want to regulate everything under the sun," Chilton added in the CNBC interview. "If you guys want to be a shill for the financial industry and support a chattel currency that people use to purchase drugs and money with—have a party, man. My job is a regulator; I'm going to look after it." As the use of Bitcoin continues to grow, there are now Bitcoin-based hedge funds and shady derivatives websites where people ...

Full article: http://arstechnica.com/business/2013/05/us-financial-regu...

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