Which Virtual Currencies are Commodities? The Landmark Case CFTC vs. My Big Coin Pay

Which Virtual Currencies are Commodities? The Landmark Case CFTC vs. My Big Coin Pay

In the extremely important and recent case, CFTC vs. My Big Coin Pay, a federal court ruled that My Big Coin is a virtual currency meeting the definition of a commodity, despite the absence of a futures contracts and other derivatives trading on it.  Ms. Walker  explains the case and its significance for the CFTC’s jurisdiction over virtual currencies.

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