CFTC Proposes “Actual Delivery” Definition with Big Implications for Bitcoin Regulation

Just before the close of 2017, the Commodity Futures Trade Commission (CFTC) proposed a seemingly esoteric new rule, in which the CFTC attempted to define the term “actual delivery” within the context of retail commodity transactions in virtual currency.  Let’s unpack this because while it may seem to be an obscure topic, once final, this … Continue reading CFTC Proposes “Actual Delivery” Definition with Big Implications for Bitcoin Regulation

LedgerX and CME Launch First Bitcoin Futures Products

As a commodity with wide price fluctuations, bitcoin-based derivatives were perhaps inevitable – offering investors opportunities to hedge against or capitalize on the digital currency’s price volatility.  And in fact, bitcoin derivatives are starting to take off.  CME, the world’s largest futures exchange, announced that it will launch a bitcoin futures product, to go live … Continue reading LedgerX and CME Launch First Bitcoin Futures Products