Sentences with phrase «jurisdiction over bitcoin»

«We are declining comment,» said an SEC spokesman by email, in response to questions regarding whether the agency had a position on the currency or if it had jurisdiction over Bitcoin trading in the first place.

If bitcoin is a commodity, then the Commodity Futures Trading Commission (CFTC) has jurisdiction over bitcoin exchanges.

Although the lack of jurisdiction over Bitcoin and its links to money laundering and illicit marketplaces have raised more than a few eyebrows, the currency offers a simple way for legitimate businesses such as small retailers and professional service providers to accept payments for international sales without facing onerous credit card fees or exchange - rate surcharges.

Not exact matches

If bitcoin is deemed a commodity, then the Commodity Futures Trading Commission (CFTC) in the US has jurisdiction over local bitcoin exchanges.

It has also filed charges in several bitcoin - related schemes, which underlines its intent to exercise jurisdiction over cryptocurrencies whenever it suspects there may be fraud.

The current situation, where one erratic company in a totalitarian jurisdiction that is very hostile to Bitcoin has near monopoly domination over the manufacturing and distribution of the mining hardware that is required for the security of the global network, is unacceptable to anyone who understands the importance of decentralization to Bitcoin.

Use the jurisdiction that they have over the futures markets of Bitcoin to collect data and keep track of the markets so that nobody gets too hurt

The Order further states that because the transactions did not result in actual delivery of bitcoins, Bitfinex could not rely on the exception to the CFTC's jurisdiction over such transactions, found in Section 2 (c)(2)(D)(ii)(III)(aa) of the CEA.»