The US Commodity Futures Trading Commission (CFTC) has officially recognized Bitcoin has a commodity, charity nonetheless serve approval for a rising digital currency. Whether or not this approval will spin out to be a good thing, however, stays to be seen.
In other words, simply since Bitcoin is still fairly new, and governments haven’t entirely figured out how to hoop it, a currency (now called commodity) can’t simply dress a rules.
Importantly, the CFTC famous Bitcoin as a commodity so that it could have management over controlling Bitcoin derivatives. Confused? A derivative is a arrange of agreement that derives the value from something else. For example, a futures agreement is a agreement to buy a given amount