CFTC Commissioner suggests deliberate market manipulation may affect Bitcoin

Friday 9 January 2015 13:38 CET | News

Mark Wetjen, a Commodity Futures Trading Commission (CFTC) Commissioner, has claimed that financial market entities may attempt to manipulate the cryptocurrency market in order to gain a favourable position in the Bitcoin derivative business.

As such, Wetjen has argued that CFTF would be responsible for cataloguing these attempts as either legal or illegal, reports.

CFTC, however, does not have extensive oversight over Bitcoin exchanges that do not offer derivatives contracts, such as in cases where market participants buy and sell Bitcoin on an exchange.

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Keywords: CFTF, Commissioner, market manipulation, Bitcoin, derivatives market, digital currency, buyer, seller, contract
Categories: DeFi & Crypto & Web3
Countries: World
This article is part of category

DeFi & Crypto & Web3