By early 2017,
interest over these digital currencies experienced a significant growth; this is something that is reflected in the graph below, where we can see the amount of money currently invested across all virtual currencies:
By early 2017, interest
over these digital currencies experienced a significant growth; this is something that is reflected in the graph below, where we can see the amount of money currently invested across all virtual currencies:
And, the Commodity Futures Trading Commission claims to have
oversight over digital currency derivatives — we're not entirely sure what that means quite yet for regulation, but it is good to know that maybe someone will be providing clarity on regulations soon (fingers crossed).
Regardless of how guilty he seems, we also have to keep in mind that the
regulation over digital currency transactions is still vague, therefore, it is difficult for the Japanese authorities to keep him incarcerated and request trial if the legislation does not allow it.
Bitira is a company that specializes in digital currency individual retirement accounts (IRAs) that provide investors
control over their digital currency investments, but a custodian handles some of the account administration.
By extension, one could expect the CFTC to assert some degree of
authority over digital currency trading to the extent that trading impacts digital currency derivatives markets.
FinCen has issued two basic administrative
rulings over digital currencies; The first one relates to the application of FinCEN regulations to a virtual currency trading platform, while the second discusses the application of FinCEN regulations to a virtual currency payment system.
Bank of Russia Governor Elvira Nabiullina, for instance, referred to the global
commotion over digital currencies as a «gold fever» sweeping nations, and expressed misgivings over their use as a surrogate for money.
It is currently involved in many projects and partnerships such as fundraising for the BitGive Foundation, which works to bring
awareness over digital currencies and to demonstrate the social value of Bitcoin.
It's not the first time Minneapolis Fed's Kashkari has weighed in on cryptocurrencies, with the official in recent days pointing to blockchain technology as possessing a higher potential for use in
society over any digital currencies, similarly taking issue with the number of new coins that are being released.