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Vertical Computer Systems, Inc. Announces the Formation of a Shareholder Advisory Board

Vertical Computer Systems, Inc. Announces the Formation of a Shareholder Advisory Board
RICHARDSON, TX / ACCESSWIRE / January 22, 2021 / Vertical Computer Systems, Inc. ( Vertical or the Company ) is pleased to announce the formation of a shareholder advisory board. The shareholder advisory board will be led by Jon Snyder, a long-standing and respected shareholder of Vertical who has agreed to help.
After consulting with several shareholders, the Board of Directors (the Board ) decided that forming a shareholder advisory board would improve communication and transparency between the company and its shareholders. Since a large number of shareholders know and have been in contact with Jon Snyder, the Board believes he is the best fit to lead this advisory board. ....

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CFTC Regulatory Approach to Virtual Currencies

Monday, December 21, 2020
Virtual Currencies as Commodities
In recent years, the U.S. Commodity Futures Trading Commission (CFTC or the Commission) has taken a role as one of the regulators of cryptocurrency in the United States. In this article, we review the CFTC’s regulatory and enforcement approach in this space.
In December 2014, the CFTC stated that virtual currencies are encompassed under the definition of a “commodity” in the Commodity Exchange Act (CEA), and thus subject to its jurisdiction.
[1] Nine months later, in September 2015, the CFTC brought its first enforcement action against an unregistered Bitcoin option trading platform.
[2] With its first action, the CFTC declared that “Bitcoin and other virtual currencies are encompassed in the definition and properly defined as commodities.” ....

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