#Bitcoin & #Altcoin Trading Talk – Episode 12


http://moneyandtech.com/September-21-15-news-update/

Bitcoin is a commodity. It’s official. According to the Commodity Futures Trading Commission, bitcoin and other cryptocurrencies will be treated as a commodity for regulatory purposes, just like gold and oil. This announcement is the result of the CFTC issuing a settlement against an unregistered bitcoin options trading platform, CoinFlip. The CFTC’s label also solves the ongoing debate of whether bitcoin should be classified as a currency or a commodity. To continue trading, companies must register and comply with its regulations. Last year, the IRS said bitcoin should be “treated as property for U.S. federal tax purposes.”

http://moneyandtech.com/September-21-15-news-update/

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