ICO tokens can be commodities according to the CFTC

North America United States
Maciek Klimowicz
Written by Maciek Klimowicz

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,”

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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