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> There's no law banning insider trading This is incorrect.
by garmaine 9y ago
> There's no law banning insider trading
This is incorrect.
- NKCSS 9y agoHe means it isn't insider trading if it's an unregistered asset I assume.
- altern8tif 9y agoI think he's referring to cryptocurrencies as opposed to listed securities.
- garmaine 9y agoWhich would be incorrect. Bitcoin spot markets are protected from insider trading from the CFTC if no one else due to the influence the spot price has on derivatives markets. Moving the price 30% in one day would absolutely fall under their jurisdiction, and there are laws on the books since 2010 making such insider profits illegal.