Bitcoin: Currency or Commodity? (Sept. 29, 2014)
The U.S. Commodity Futures Trading Commission (CFTC) will hold a public meeting next week to discuss Bitcoin and the CFTC’s jurisdiction regarding derivatives contracts that reference the decentralized digital currency. The commission has been discussing publicly whether Bitcoin meets the definition of a commodity under the organization’s rules since March, according to CoinDesk, a Bitcoin news site. The CFTC’s examination of the currency comes at a time when the market is experiencing an increase in more advanced financial trading tools, and high-profile supporters of Bitcoin argue that trading activity will go a long way toward decreasing the well-documented volatility of the Bitcoin market. The hearing will be held Oct. 9, 2014, at CFTC’s headquarters in Washington, D.C. Click here for more information about attending or listening in to the public meeting.