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Chamber of Digital Commerce Kevin Batteh offers his take on the recent Bitfinex/CFTC settlement. Last year, the CFTC affirmatively planted a flag in the world of digital currency when the agency stated, in two separate enforcement actions, that digital currencies are “commodities”.
Bitcoin prices have risen sharply in the past week, nearing the key psychological level of $600 after lingering close to $450 for most of the last several weeks. Bitcoin has established a new trend over the last week or so, with markets seeing prices surpass $590 this weekend.
Across the US, bitcoin ATMs are finding use among those who operate in the gray areas of commerce. From medical marijuana dispensaries to the unbanked, bitcoin ATMs offer a means to potentially sidestep problems facing those looking to make digital payments today.
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