Another Major Agency Wants to Regulate Bitcoin Because it's Growing So Fast

Bitcoin’s meteoric rise has moved it out of the shadows of finance. The latest sign that it’s becoming part of the mainstream came Friday when a key U.S. agency proposed that trading be regulated much like other commodities.

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Specifically, the Commodity Futures Trading Commission made clear to market participants that there could be penalties if they can’t show buyers can take physical control of purchased digital coins in 28 days — a framework that already applies to wheat, oil and gold.

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