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Cryptoassets & Blockchain Legal News

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ICO tokens can be commodities according to the CFTC

October 17, 2017 by Ashley MAO

LabCFTC, a fintech initiative within the Commodity Futures Trading Commission (CFTC) revealed in a publication released today that it’s considering treating ICO-issued tokens as commodities. The document confirms the agency’s regulatory posture first expressed back in 2015.

The publication underlined the consistency between its own and the Securities and Exchange Commission’s (SEC) approach to cryptocurrencies – the latter recently announced that cryptocurrencies sold through ICO’s could be defined as securities and fall under the securities’ regulations.

As a word of caution, the document advises potential investors to “Conduct extensive research before giving any money or personal information to a virtual currency platform,”

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Ashley MAO, Coinlaw

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Ashley MAO is a member of the Coinlaw team. Read more about our team.

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