US Commerce Commission Classifies Crypton Coins as Goods

 In a document made by the research laboratory of the Commodity Futures Trading Commission (CFTC), it was stated that, in accordance with the declarations issued by the Securities and Exchange Commission, the cryptones will be considered as commodities or raw materials, as well as tokens, which may also be considered as contracts or guarantees, including in Initial Currency Offers.

This document called the First Manual of the CFTC on Virtual Currencies , published on October 17, walks around the definitions of virtual currencies, which also deals with what Bitcoin is  . It explains the differences between private and public distribution systems, as well as the potential uses of cryptomones and blochain technology as an introduction. Once the topic is discussed, it explains the role of the CFTC and how this relates to the fact that the cryptononedas will be considered by the agency as goods, as they have been since 2015.

 The official CFTC press release cites the statements made in this regard by the director of the LabCFTC,

Daniel Gorfine:

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 LabCFTC believes that by promoting education, understanding, and regulatory clarification around emerging technologies, it can help facilitate innovations that scale the market against risk. As people in the world try to understand and understand the ideas around the virtual coin ecosystem, we believe it is timely and important that our first handbook can help explain space, identify how developments involve the CFTC, and highlight the risks that investors or users of virtual currencies should consider.Daniel GorfineDirector, LabCFTC

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The LabCFTC was founded in May this year and aims to facilitate the understanding of new technologies by the Futures and Commodities Trading Commission and make it more accessible to Fintech innovators.

The first  CFTC statement was made in 2015 in consideration of what kind of legal and tax treatment the Cryptomonedas would have, but this document is the first open handbook.

The SEC has also issued a number of communiqués on the regulation and definition of cryptoactives over the last year, also meeting recently with ecosystem figures for a discussion on blockchain.

Fuente: https://goo.gl/gE6KF7