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> As Bitcoin has yet to be recognised/classified as a currency or security. . . From a US district court judge's opinion dated 7 August 2013[1]: "Bitcoin is a
by bunderbunder 13y ago
> As Bitcoin has yet to be recognised/classified as a currency or security. . .
From a US district court judge's opinion dated 7 August 2013[1]: "Bitcoin is a currency"
> . . . one could argue that derivatives based on the price of a Bitcoin are more akin to bets than financial derivatives
No, one couldn't. Pork bellies are definitely not a currency, but they're something of the prototypical subject of financial derivatives.
[1]: http://ia800904.us.archive.org/35/items/gov.uscourts.txed.146063/gov.uscourts.txed.146063.23.0.pdf http://ia800904.us.archive.org/35/items/gov.uscourts.txed.14...
- jackgavigan 13y ago> From a US district court judge's opinion... Yeah, because that carries a lot of weight... > Pork bellies are definitely not a currency, but they're something of the prototypical subject of financial derivatives. Pork bellies are a commodity and, as such, are regulated by the CFTC.