The regulators in the U.S. call Bitcoin a commodity but in many ways it is both a commodity and a currency instrument.Considering the fiat currencies of the world are going hyperinflation beast mode.Also read: Africa Central Bankers Looking to Regulate Bitcoin.A recent Bloomberg article argued that bitcoin is neither a real currency nor a commodity.But the digital asset does possess characteristics of a commodity.
The Commodity Futures Trading Commission (CFTC) has announced that, for regulatory purposes, Bitcoins and other virtual currencies are officially classified as.He has been part of multiple startups and his current project focuses towards the social good sector.
Bitcoin price is caught in a market-wide down-draft and has fallen through the boards of a once promising channel of advance.NewsBTC is a news service that covers bitcoin news, technical analysis and forecasts for bitcoin and other altcoins.
Bitcoin community has its say on U.S. commodity ruling
SimpleFx | Forex, Bitcoins, Indices and CommoditiesLast fall we saw bitcoin receive an unusual amount of attention.Under Section 4c of the Act and Part 32 of the regulations, bitcoin operators in the US must now be registered as a Swap Execution Facility or a Designated Contract Market.
Bitcoin Is Officially a Commodity - SlashdotThinking of Bitcoin as a commodity makes it more understandable.
Digital currencies have been granted the status of an official commodity by the United States Commodity Futures Trading Commission (CFTC), which said that bitcoin operators must immediately ensure that their companies are legally registered under the applicable trading laws and regulations.Bitcoin holders have long been able to use their digital assets to hold gold and even take physical delivery.
Bitcoin as a commodity | michaelmothudi
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However, one can wish for the things to turn out good so that everyone can be happy.Buy Gold and Silver with Bitcoin, Litecoin, and Ethereum at Veldt Gold.The Part II of the Hit Trilogy by Max Zaslavsky Is about to Hit Amazon on October 6.On Thursday, September 17, 2015, Bitcoin, one of the rapidly growing number of digital currencies, or cryptocurrencies, was declared a commodity by the Commodities.Get your quality trading signals for bitcoin, gold, oil and silver.