Federal Judge Rules CFTC Has Authority to Sue Cryptocurrency Fraud

Moderator: moderators

kreslik.news
rank: 10000+ posts
rank: 10000+ posts
Posts: 37309
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 2
Gender: None specified

Federal Judge Rules CFTC Has Authority to Sue Cryptocurrency Fraud

Postby kreslik.news » Tue Oct 02, 2018 6:08 pm


Cryptocurrencies can be regulated as commodities by the U.S. Commodity Futures Trading Commission, which is also has authority along with other regulators over dealings in virtual assets, a federal judge ruled.

U.S. District Judge Rya W. Zobel in Massachusetts ruled that the CFTC had standing to bring a fraud lawsuit against privately held My Big Coin Pay, the corporate parent of the online ‎cryptocurrency payment platform and virtual wallet website ‎MyBigCoin.com. ‎

[url=https://events.financemagnates.com/londonsummit/?utm_source=FM&utm_medium=AUTOLINK&utm_campaign=Article&utm_content=fmls18]Join the Leading Industry Event![/url]

Zobel upheld the CFTC’s determination in 2015 that virtual currencies are commodities, saying it was supported by the plain ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”