Recent market manipulation cases brought by the Justice Department and Commodity Futures Trading Commission provide a blueprint to how they could extend their enforcement efforts into virtual currencies markets.
However, the anonymity and global nature of Bitcoin and other cryptocurrency trading may pose significant challenges to obtaining legal victories down the road.
Bloomberg News first reported last month that DOJ and the CFTC and were teaming up to investigate manipulation in the $111.9 billion Bitcoin market. Their focus is said to be on spoofing and wash trading, some of the most rampant forms of commodities market manipulation where both agencies ...
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