CFTC defends bitcoin oversight after some argue risks overlooked

A U.S. regulator is defending its approach to policing cryptocurrencies after some derivatives brokerages complained that two of the world’s biggest exchanges rushed bitcoin futures to market last month without properly evaluating the risks involved. In a four-page document released Thursday, the Commodity Futures Trading Commission argued there was little it could do to prevent…

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U.S. SEC warns Bitcoin, cryptocurrency investors at risk of losing investments in cases of fraud

WASHINGTON — The U.S. Securities and Exchange Commission warned Thursday that investors should “exercise caution” with cryptocurrencies like Bitcoin, noting state and federal regulators may not be able to recoup any lost investments from illegal actors. Many promoters of initial coin offerings (ICOs) and other cryptocurrency investments are not following federal and state securities laws,…

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