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If cryptocurrencies are a commodity, can they interact with oil trading?
Faisal Faeq
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https://arab.news/g2zpz
Amid the rise of virtual currencies, the US Commodity Futures Trading Commission (CFTC) declared cryptocurrencies to be commodities, thus indirectly stating that they were not currencies or investment vehicles, but crypto-commodities that could be tradable in the real or virtual world with exclusive tokens.
A little bit of history: The CFTC defined Bitcoin and other virtual currencies (cryptocurrencies) as commodities under the US Commodity Exchange Act in late 2014.
The CFTC has always enforced its principles to prosecute fraud, abuse, manipulation, or false solicitation in markets for virtual currency derivatives and underlying spot trading. However, cryptocurrencies have had a transformational impact on CFTC-regulated markets and the agency itself.
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