Order Instituting Proceedings Pursuant to Sections 6(c) and 6(d) of the Commidity Exchange Act, Making Findings and Imposing Remedial Sanctions

Phone: 650.723.2465
Fax: 650.725.0253

Type: Regulation
Date: 09/17/2015
Agency: CFTC
Jurisdiction: United States
Type of Law: Other
Status: Order
Official URL: External link

The CFTC issued an order settling charges against an online platform and its CEO for conducting activity related to bitcoin transactions without complying with CEA and CFTC swap rules added under Title VII of the Dodd-Frank Act. This is the first time the CFTC has asserted that bitcoin is a “commodity” under CEA Section 1(a)(9), and subject to its jurisdiction.