Government regulator: We're going 'to make sure' new bitcoin futures are not man

[bluehodl]

CFTC Statement on Self-Certification of Bitcoin Products by CME, CFE and Cantor Exchange

http://www.cftc.gov/PressRoom/PressReleases/pr7654-17

[Jet Cash]

That looked to me as if they don't understand the market, and aren't sure what to do.

I'm not sure that I can see the point of Bitcoin futures, other than as a speculative instrument. It might be different if the gov. recognises Bitcoin as a legitimate settlement instrument, but I can't see them doing that in the current economic climate.

[faithterms]

With the current economy, expect that the government will find ways to consider bitcoin as illegitimate. But we're still hoping that it won't.