Bitcoin Commodity Exchange CEX.io Imposes Trading Fee, Prepares for USD
The CEX.io bitcoin commodity exchange is to introduce a trading fee within the next two weeks. The fee will be introduced in two stages: initially a fixed commission of 0.2%, which will be dropped in favour of a flexible fee of 0.2-0.5% after an initial period. The company says its fee implementation is aligned with its wider monetisation strategy, which will include the introduction of new trading pairs, including BTC/USD and USD/GHS. New scrypt mining services are on the way too. The first step, the introduction of a 0.2% fixed commission, will apply to all buy/sell transactions and will....
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On Tuesday evening, we received an interesting press release which relates to CEX. IO. As you may know, CEX. IO serves as a bitcoin commodity exchange, and they're introducing - wait for it - trading fees. Cue "letdown" sound effect (I should really get one of those sound boards that Jim Cramer has... oh wait). According to CEX. IO, the fee implementation will come in two steps. The first will charge a standard 0.2 percent commission on all buys/sells for the period of one month. Following that, the fee will vary depending on the user's 30-day trading history and will flex between 0.2 to....
Bitcoin is now officially a commodity according to U. S. regulators, Bloomberg Business reports . The Commodity Futures Trading Commission (CFTC) announced on Thursday that it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities," notes the CFTC press release . The U. S. Commodity Futures Trading Commission is an independent agency of the U. S. government created in 1974, which regulates futures....
Lawmakers in the U.S. have introduced the Digital Commodity Exchange Act of 2020 to create a single, national regulatory framework for cryptocurrency trading platforms, including those that trade bitcoin, ether, their forks, and other cryptocurrencies. On the same day, the Securities Clarity Act was also introduced. Digital Commodity Exchange Act of 2020 The bill entitled “Digital Commodity Exchange Act of 2020 (DCEA)” was introduced by U.S. House Agriculture Committee Ranking Member Michael Conaway on Thursday. He explained that the proposed legislation “creates a....
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says bitcoin is a commodity. He emphasized that the SEC, the Commodity Futures Trading Commission (CFTC), and banking regulators will collaborate to oversee the crypto sector.
Gary Gensler: Bitcoin Is a Commodity
SEC Chairman Gary Gensler clarified his position on cryptocurrency, particularly bitcoin, in an interview with Mad Money host Jim Cramer on CNBC Monday.
“This is a highly speculative asset class. We’ve known this for a long time,” Gensler said when....