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Tag Archives: Commodities

India May Avoid Cryptocurrency Ban, Classify them as Commodities: Report

Authorities in India are likely to choose against a sweeping cryptocurrency ban and treat them as commodities, a report citing a government official has claimed. Citing a senior government official involved in the ongoing regulatory discussion surrounding cryptocurrencies, Quartz is reporting that India is unlikely to enforce a blanket ban on cryptocurrencies despite the newly-enforced central bank mandate that prohibits ...

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India May Not Ban Cryptocurrencies, But Treat Them as Commodities

India is not going to put a blanket ban on digital currencies, but rather treat them as commodities, an anonymous source in the government told news outlet Quartz July 11. According to Quartz, a Finance Ministry panel has ordered a study on cryptocurrencies, which may suggest that the government would treat them as commodities. A senior government official with knowledge ...

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Cryptocurrencies Are Now Commodities Subjected to Futures Trading in Indonesia

The Commodity Futures Trading Supervisory Agency (Bappebti) has said that cryptocurrencies are a commodity that can be subject to futures trading. This comes despite a central bank ban on fintech companies using digital currencies and government warnings to investors. Futures Trading Expands to Indonesia As reported by kontan.co.id, cryptocurrencies will now be subject to trading on futures exchanges. This trading ...

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We Must Distinguish Digital Commodities From ICOs

On March 14, 2018, the House Financial Committee held a hearing entitled “Examining the Cryptocurrencies and ICO Markets.” This was the first hearing in which members of the U.S. Congress, specifically a subcommittee on capital markets, securities and ICO markets, addressed cryptocurrencies and ICOs. Witnesses at the hearing included Dr. Chris Brummer, Professor of Law at Georgetown University Law Center; ...

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US Judge Rules Cryptocurrencies are Commodities

U.S. District Judge Jack Weinstein in Brooklyn ruled that the Commodity Futures Trading Commission (CFTC) has standing to regulate cryptocurrencies as commodities. The financial watchdog first determined that virtual currencies are commodities in 2015. Cryptocurrencies are commodities The ruling gives the CFTC the needed authority to bring a fraud lawsuit against Patrick McDonnell, a New York resident charged with cryptocurrency fraud scheme along ...

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‘Commodities King’ Dennis Gartman Predicts Bitcoin Price Drop to $5,000, Then Implode

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Dennis Gartman, the editor and publisher of The Gartman Letter, who has also been called the “commodities king,” continues to call bitcoin one of the silliest ideas he has heard in a long time, a position he expressed on CNBC’s “Futures Now.” He said he expects the bitcoin ...

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