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US court junks My Big Coin Pay’s attempt to dismiss CFTC lawsuit
Business 28 September 2018

US court junks My Big Coin Pay’s attempt to dismiss CFTC lawsuit

A court in Massachusetts has backed the U.S. Commodity Futures Trading Commission (CFTC) in their interpretation of virtual currencies as commodities (and thus within the regulator’s jurisdiction), in the process dismissing a petition from the My Big Coin’s promoters to have the case set aside.