RATE Group | Bitcoin has ‘elements of all of the different asset classes,’ CFTC chairman says
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Bitcoin has ‘elements of all of the different asset classes,’ CFTC chairman says

01 May Bitcoin has ‘elements of all of the different asset classes,’ CFTC chairman says

Posted at 05:09h in Bitcoin News by

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The ecosystem around bitcoin is still changing, but U.S. Commodity Futures Trading Commission Chairman J. Christopher Giancarlo said the popular cryptocurrency is part currency, part security and part digital coin.

“Bitcoin and a lot of its other virtual currency counterparts really have elements of all of the different asset classes, whether they’re meeting payment, whether it’s a long-term asset,” Giancarlo told CNBC on “Fast Money” Monday, live from the annual Milken Conference in Los Angeles.

“We see elements of commodity in it that are subject to our regulations, but depending on which regulatory regime you’re looking at, it has different aspects of all of that,” he said.

Giancarlo went on to say that there are certain aspects of bitcoin that look similar to an asset…

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