CFTC suggests futures oversight framework may apply even to full Bitcoin payments
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View chart & analysis → - 1The CFTC stated that if financial services are provided, transactions may remain within the futures oversight framework even if Bitcoin is paid in full.
- 2Customers remain subject to the framework even if they refuse financial services until actual delivery occurs.
- 3Actual delivery, which is a legal exception, must generally occur within 28 days.
So what's the key point?
Even if Bitcoin is used to pay the full price for goods, transactions can be managed like futures trades if certain conditions are met. Strict oversight rules continue to apply until the actual goods are received.
Source CryptoSlate +1 · View original ↗
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