17 September 2015

The CFTC officially declares Bitcoin as a commodity

A photo representation of the Bitcoin event, The CFTC officially declares Bitcoin as a commodity

The U.S. Commodity Futures Trading Commission (CFTC) officially declared Bitcoin as a commodity on September 17, 2015. This classification meant that Bitcoin and other cryptocurrencies would be regulated under the same rules as other commodities, such as gold or oil, under the Commodity Exchange Act (CEA). Prior to this, in late 2014, the CFTC had already begun discussing Bitcoin’s status as a commodity in the context of derivatives regulation.


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