CFTC: declining a Bitcoin loan may not exempt cash purchases from futures rules
- —Declining offered financing does not by itself remove a qualifying trade from the framework
- —The actual-delivery exception generally requires delivery within 28 days
- —An exchange book entry without private keys does not establish delivery
- —Comments on the October 5 consultation are due December 14
Why it matters: The reading extends futures-style rules to cash purchases and raises the bar for exchanges and custody arrangements.
Source: CryptoSlate