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RE: Bitfinex Fined - What Does This Mean for Crypto?

in #bitcoin • 8 years ago

This was a shakedown by the CFTC. The CFTC "decided" that bitcoin was a commodity and that it falls under their jurisdiction.

I asked Bitfinex on reddit about what specific changes were made here: https://www.reddit.com/r/Bitcoin/comments/4m8tfs/cftc_orders_bitcoin_exchange_bitfinex_to_pay/d3ts39e

This was Bitfinex's reply: https://www.reddit.com/r/Bitcoin/comments/4m8tfs/cftc_orders_bitcoin_exchange_bitfinex_to_pay/d3tsgik

Go figure!

8 years ago in #bitcoin by
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     8 years ago 

    Hmmm, I think shakedown was what Barclays paid
    $453 million

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