Declining a Bitcoin loan may not spare a cash purchase from futures rules, CFTC says
Photo: CryptoSlate
Paying the full price for Bitcoin may still leave a retail purchase under futures-style oversight, according to a preliminary interpretation in the Commodity Futures Trading Commission’s open crypto consultation . Declining financing does not, by itself, remove a qualifying trade from that framework when a covered offer applies and neither actual delivery nor another statutory exception removes it from coverage. The CFTC announced the consultation on Oct. 5 , and the advance notice of proposed rulemaking was published in the Federal Register on Oct. 13. Comments are due Dec. 14.
Source: CryptoSlate
