Regulatory Alerts2017-12-20 | 2017-27421Retail Commodity Transactions Involving Virtual Currency
The Commodity Futures Trading Commission issued a proposed interpretation of the term 'actual delivery' under the Commodity Exchange Act to clarify regulatory standards for retail virtual currency transactions. This guidance specifies that virtual currency platforms must transfer actual possession and control of the digital assets to buyers to qualify for the statutory exception from futures contract regulation. The Commission invites public comments on this interpretation and related questions regarding the treatment of virtual currency transactions by March 20, 2018.
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