CFTC — Understand the Risks of Virtual Currency Trading

**URL:** https://www.cftc.gov/LearnAndProtect/AdvisoriesAndArticles/understand_risks_of_virtual_currency.html

Key quotes

Bitcoin and other virtual currencies have been determined to be **commodities** under the CEA.

Most cash markets are **not regulated** or supervised by a government agency.

Virtual currencies are commonly targeted by **hackers and criminals** who commit fraud. There is **no assurance of recourse** if your virtual currency is stolen.

Criteria: YY06, YY07, YY12