Crypto Futures News 

CFTC’s right to prosecute virtual currency fraud comes under fire

“My Big Coin Pay, Inc. and all the entities and individuals associated with it now argue against such a treatment of virtual currencies” reports financefeeds.com. They assert that the Court’s ruling that virtual currencies are commodities applies only to Bitcoin and not to My Big Coin.The CFTC has voiced its intentions to use the Court’s ruling in other cases targeting virtual currency scams, including the case against My Big Coin Pay.The only virtual currency on which futures contracts are traded is Bitcoin but this treatment should not apply to My Big Coin, the defendants say.
 
Source: financefeeds.com



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