CFTC guarantees to guard 'the burgeoning markets for digital belongings similar to Bitcoin'

On Friday, the Commodity Futures Buying and selling Fee made a fraudster pay again $7.4 million to buyers whereas vowing to guard the Bitcoin market.

Per the CFTC’s announcement, James McDonald, Director of the fee’s enforcement division, mentioned

The CFTC will proceed working to guard our markets, together with the burgeoning markets for digital belongings similar to Bitcoin, from fraudulent schemes, and can work in parallel with our felony regulation enforcement colleagues the place acceptable.

Immediately’s announcement issues Jon Barry Thomson, who pleaded responsible to commodities fraud for convincing two buyers to ship him over $7 million for a Bitcoin funding scheme that by no means materialized. It follows a broader development this week, which has seen an extremely energetic CFTC take the helm of various enforcement actions within the crypto markets. 

Simply yesterday, the CFTC filed prices towards Seychelles-domiciled crypto change Bitmex for failure to register as a derivatives change within the U.S.