CFTC provides guidance on virtual currencies

The Commodity Futures Trading Commission (CFTC) launched a virtual currency resource Web page, This dedicated page is a central repository for Commission-produced resources about virtual currency and is designed to educate and inform the public about these commodities, including the possible risks associated with investing or speculating in virtual currencies or recently launched Bitcoin futures and options.

It provides quick access to the CFTC’s virtual currency primer; CFTCTalks podcast episode featuring CFTC staff discussing virtual currencies; LabCFTC, the Commission’s fintech effort; and a fact sheet explaining the CFTC’s role in oversight of virtual currencies. Additionally, the CFTC today released a Customer Advisory, titled “Understand the Risks of Virtual Currency Trading.” This advisory details the risks of purchasing virtual currencies in the cash market, in addition to those risks present in virtual currency futures and options.

Read the release

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