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Cyber Security

Bitcoin is Now Officially a Commodity’ US Regulator Declared

U.S. Commodity Future Trading Commission (CFTC) has added Bitcoins and other virtual currencies to the commodities basket which previously includes Gold, Crude Oil, foreign exchange, and Stocks. CFTC is an oversight committee of the USA, established to protect the interest of the people who have invested in any of the commodities by ensuring the conduct of no malpractices. Bitcoins being a commodity will ensure its authorized and smooth swapping. Mt. Gox had to shut down its services because of stealing of Bitcoins.

Source: https://thehackernews.com/2015/09/bitcoin-commodity.html

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