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CFTC


Smart contract coders could be held liable if they knowingly use blockchain technology to create functions that are deemed as predictive “event contracts,” according to a U.S. regulator. Speaking at an event in Dubai on Tuesday, Brian Quintenz, a commissioner at the U.S. Commodity and Futures Trading Commission (CFTC), explained his views on how old …

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An influx of institutional investors to the cryptocurrency markets may help the space “mature,” U.S. Commodity Futures Trading Commission chair J. Christopher Giancarlo said Friday. The regulator discussed his agency’s efforts to regulate the cryptocurrency space with Fox Business, noting that there has been an increase in movement into the space, which he stated would …

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This post was originally published here Bitcoin futures firm 1Broker, which has been charged with violating a number of U.S. securities laws, has announced that it would reopen withdrawals on Thursday. The trading platform, which was accused of acting as an unregistered security-based swaps dealer, as well as violating money laundering and wire fraud laws, …

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Bitcoin futures firm 1Broker, which has been charged with violating a number of U.S. securities laws, has announced that it would reopen withdrawals on Thursday. The trading platform, which was accused of acting as an unregistered security-based swaps dealer, as well as violating money laundering and wire fraud laws, saw its website seized by the …

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Satoshi Nakamoto was most likely not a Russian money launderer, but that theory was briefly proposed during a meeting hosted by the Commodity Futures Trading Commission (CFTC) on Friday. The CFTC’s Technology Advisory Committee (TAC) subcommittee on cryptocurrencies discussed securing digital assets during the hour-long session, highlighting issues with protecting investors’ assets and how regulators …

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Bitcoin futures firm 1Broker said Monday that it will begin allowing users to access a “read-only” version of its platform, a move that comes days after it was hit with charges from U.S. regulators. The company announced Monday that it was looking for legal counsel in the U.S., which 1Broker hopes to do within the …

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This post was originally published here This week, a United States federal district judge ruled that an allegedly fraudulent crypto token meets the definition of a commodity. That brought the case under the Commodity Futures Trading Commission’s (CFTC) purview, which has long argued that virtual currencies constitute commodities. Here what it means — and how …

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Bitcoin’s price has been relatively uneventful today as we head into the weekend, where most price action is likely often comprised of bots and algorithms. Crypto in general was fairly uneventful today in comparison – but there were still some notable headlines. Here’s today’s action in the world of crypto: Bitcoin Fraudsters Misled Investors, CFTC …

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The Commodity Futures Trading Commission (CFTC) filed charges against two defendants for allegedly going to a number of lengths in attempts to steal bitcoin. The regulator announced late Friday that it was charging two individuals using the names Morgan Hunt and Kim Hecroft for “fraudulent solicitation, impersonation of a CFTC investigator and forging CFTC documents” …

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A U.S. judge has sided with the Commodity and Futures Trading Commission (CFTC) in a lawsuit involving an allegedly fraudulent crypto investment scheme, ruling that the cryptocurrencies involved are commodities for the purpose of the case. As CoinDesk reported in January, the CFTC charged two individuals and a Las Vegas-based business called My Big Coin Pay …

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The head of the U.S. Commodity Futures Trading Commission (CFTC) told Congress on Wednesday that the agency is “falling behind” on the subject of blockchain compared to other countries. Chairman J. Christopher Giancarlo was speaking before the House Committee on Agriculture, addressing questions about the agency’s performance and future agenda. It was during that time …

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The director of the Commodity Futures Trading Commission (CFTC)’s fintech initiative cautioned against what he called “hasty regulatory pronouncements” during a Congressional hearing on Wednesday. The remarks from Daniel Gorfine, director of LabCFTC, were directed toward members of the U.S. House Committee on Agriculture which, as reported by CoinDesk, sought testimony on the issue of cryptocurrencies …

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A federal judge has postponed any decision on a crypto fraud case brought by the Commodity Futures Trading Commission (CFTC) against alleged scammer Patrick McDonnell. Judge Jack Weinstein of the Eastern District of New York wrote in a court order Thursday that the CFTC must file “proposed findings of fact, conclusions of law, and [a] post-trial …

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The Commodity Futures Trading Commission (CFTC) is wrapping up its case against CabbageTech owner and accused crypto-fraudster Patrick McDonnell – but the hearings in New York this week have been anything but simple. The U.S. regulator is seeking a permanent injunction against McDonnell, who allegedly defrauded investors out of nearly $500,000, according to a lawsuit …

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The U.S. Commodity and Futures Trading Commission (CFTC) has reportedly subpoenaed four cryptocurrency exchanges in a bid to obtain their trading data as part of an investigation into market manipulation. According to a The Wall Street Journal report on Friday, the financial market regulator is demanding comprehensive trading data from Bitstamp, Coinbase, itBit and Kraken, which altogether serve …

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Cryptocurrencies are here to stay, a U.S. Commodity Futures Trading Commission official said this week. Rostin Benham, one of the CFTC’s commissioners, spoke during the Blockchain for Impact Global Summit, held at the United Nations Plaza on Monday. During his speech, he emphasized the major potential for blockchain to address issues in healthcare, employment and crime, …

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The top U.S. futures regulator has denied a Freedom of Information Act (FOIA) request related to cryptocurrency exchange Bitfinex and the closely-linked ‘stablecoin’ operator Tether, according to records obtained by CoinDesk. The FOIA request, sent in late February, sought “subpoenas issued to iFinex inc. also known as Bitfinex and it’s subsidiary companies, as well as subpoenas …

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A jury will decide whether tokens issued through two allegedly fraudulent initial coin offerings (ICOs) count as securities, a U.S. district court judge said Tuesday. Businessman Maksim Zaslavskiy is accused of violating anti-fraud and registration provisions of federal securities laws after launching two token sales that officials say defrauded investors. He pled not guilty in early December …

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Two officials at the Commodity Futures Trading Commission (CFTC) spoke about regulating cryptocurrencies this week, stressing the need for cooperation between their agency and another powerful U.S. regulator, the Securities and Exchange Commission (SEC). Speaking at the FIA Law and Compliance conference in Washington, D.C., on Wednesday, commissioner Brian Quintenz spoke about “an effort that …

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Editor’s Note: The following transcript comes from Monday’s talk at the MIT Technology Review Business of Blockchain event given by Gary Gensler, former chairman of the Commodity Futures Trading Commission. Good afternoon, I am going to talk to you about blockchain technology and its real potential. And I believe it does have a real potential in the …

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