US rules cryptocurrencies are commodities in $6M fraud case

2018-10-4 13:04

The US Federal Court has ruled that virtual currencies (like Bitcoin) are commodities – like coffee or oil. The judgement comes as part of a wider commodities fraud case, involving an (allegedly) illegitimate cryptocurrency called My Big Coin (MBC).

In late September, Senior Judge Rya W. Zobel declared the power to prosecute alleged cases of commodities fraud involving cryptocurrency. “[T]he Court held […] the particular virtual currency at issue, MBC, was a commodity under the Commodity Exchange Act (CEA). ” read a statement. “According to the Court, the term ‘commodity’ “includes a host of specifically enumerated agricultural products as well as ‘all other goods and…

This story continues at The Next Web

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Источник: thenextweb.com

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The US Commodities Futures Trading Commission (CFTC) helped bring a fraud case to court, hoping to both assist in its ultimate prosecution and establish precedent. The New York Eastern District Court decided in the CFTC’s favor, ending in a combined over $1.

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US rules cryptocurrencies are commodities in $6M fraud case

2018-10-4 13:04

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commodities court → Результатов: 7

CFTC Chairman Says Crypto is ‘Here to Stay’, Federal Court Declares Virtual Currencies are Commodities

2018-10-4 01:47

U.S. Judge Rules Cryptocurrencies Can Be Treated as Commodities

2018-9-28 21:17

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2018-8-26 20:28

CFTC Wins Case Against Cryptocurrency Promoter That Ran Bold and Vicious Frauds

2018-8-25 17:00

$1.1 Million Landmark Crypto Fraud Case Establishes CFTC Jurisdiction

2018-8-25 10:20

US Regulator’s Control Over Crypto Claimed in Court

2018-6-14 19:36

US Regulator’s Power Over Crypto Challenged in Court

2018-6-14 18:10

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