Cryptocurrencies To Be Regulated As Commodities In Indonesia

News, Regulation | June 5, 2018 By:

Indonesia’s Trade Ministry Futures Exchange Supervisory Board (Bappebti) has signed a decree to make cryptocurrency a commodity that can be subject to futures trading.

Dharma Yoga, Bappebti’s market supervision chief, said that the agency decided to allow cryptocurreny to trade as a commodity after the board conducted a study on the matter in the last four months.


Cryptocurrencies are Commodities, US Federal Judge Rules

News | March 7, 2018 By:

Jack Weinstein, a federal judge for the Eastern District of New York, has ruled that the US Commodity Futures Trading Commission (CFTC) can legally classify and regulate cryptocurrencies as commodities.

On Tuesday, Judge Weinstein agreed that cryptocurrencies should be treated as commodities. He said it was supported by the plain meaning of the word “commodity” and that the CFTC had broad leeway to interpret the federal law regulating commodities.