WASHINGTON -- A federal judge said on Wednesday that virtual currencies meet the definition of a commodity and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My Big Coin Pay Inc.
The closely watched decision by a U.S. District Court should allow the Commodity Futures Trading Commission to continue to police virtual currency frauds, regulation of which has fallen among several different agencies. ...
... For the remainder of the report:
https://www.reuters.com/article/us-usa-cftc-b...e-sides-with...
