$BTC : Declining a Bitcoin loan may not spare a cash purchase from futures rules, CFTC says
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The CFTC’s preliminary interpretation concerns applicable financing offers and remains subject to actual-delivery and other statutory exceptions.
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.
#Bitcoin #CryptoMarket
Source - CryptoSlate
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The CFTC’s preliminary interpretation concerns applicable financing offers and remains subject to actual-delivery and other statutory exceptions.
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.
#Bitcoin #CryptoMarket
Source - CryptoSlate