18 Sep '15, 4pm

Bitcoin is officially a commodity, according to U.S. regulator: Bitcoin, which is a virtu... Via @NaijaExclusive1

Bitcoin is officially a commodity, according to U.S. regulator: Bitcoin, which is a virtu... Via @NaijaExclusive1

Bitcoin is officially a commodity, according to U.S. regulator Posted by Eric >> Join Our BBM channel For Latest Updates On Your BBM - Click Here To Join **Skip to Comments Follow @naijaexclusive1 Bitcoin, which is a virtual currency is officially a commodity, just like crude oil or wheat, according to the Commodity Futures Trading Commission (CFTC). The Commission on Thursday announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. “In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,” according to the press release. By this action, the CFTC asserts its authority to provide oversight of the trading of cryptocurrency futures and options, which will now be subject to the agency’s regulations. >> Join Our BBM channel For La...

Full article: http://naijaexclusive.net/2015/09/bitcoin-is-officially-a...

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