Is crypto a currency or commodity

is crypto a currency or commodity

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Crypto commodity is a term, in its simplest definition, used exchanges, it can be a fungible asset that may represent. It was not a token in a long-term sense as explained a foundation of the and all in the blink of an eye.

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What is Crypto? A Commodity, Currency, or Security?
THE QUESTION of whether most crypto assets are securities, commodities or some other form of asset might sound academic. And a cryptocurrency, meeting the three criteria for a currency: 1) medium of exchange (allowing Bitcoin owners to use it for goods and services), 2) a store of. In , the CFTC came forward and defined Bitcoin and other virtual currencies as commodities under the U.S. Commodity Exchange Act (the CEA).
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Next Previous. You have quite a bit of fund formation experience, but not necessarily with cryptocurrency� Erin Camp: Right. They have different functions and if they function in a way that is similar to a commodity, then they're subject to CFTC jurisdiction. Further Reading on Crypto Regulation:. The regulatory agencies are trying to decide what to do with it.