On September 17th, the Commodity Futures Trading Commission (“CFTC”) announced an enforcement order and settlement against an unregistered bitcoin options trading platform. The order is notable for six reasons:

1) It is the first official pronouncement from the CFTC that, “Bitcoin and other virtual currencies are encompassed in the definition [of a commodity under the Commodity Exchange Act] and properly defined as commodities”.  This is significant since
Continue Reading CFTC Brings First Enforcement Action Against Unregistered Bitcoin Options Trading Platform