The CFTC and SEC Bring Charges Against International Securities Dealer for Bitcoin-Funded Swaps Activity
October 3, 2018
On September 27, 2018, the Commodity Futures Trading Commission and Securities and Exchange Commission filed parallel actions in federal court against an internet dealer that sold “contracts for difference” based on securities and commodities margined with bitcoin.
The actions, which were assisted by the Federal Bureau of Investigation and the Department of Justice, signal continued coordination among federal agencies to police market activity involving financial transactions in cryptocurrencies.
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