A federal judge determined that the CFTC may regulate fraudulent transactions in virtual currency, even though those transactions are entirely in the "cash market" and are not derivatives.
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The CFTC filed a federal complaint and obtained a restraining order against a corporation and several individuals for misappropriating over $6 million in customer funds in connection with an offering of a virtual currency.
The CFTC filed two separate civil enforcement actions in the U.S. District Court for the Eastern District of New York charging entities with fraud in connection with cryptocurrency-related activities.
The CFTC published a "primer" that (i) provides an overview of virtual currencies, (ii) explains the CFTC's oversight of virtual currencies, and (iii) cautions market participants of the risks associated with virtual currencies.