JUST IN – is taking steps to clarify statements made in the wake of its controversial acquisition of analytics firm Neutrino. ow.ly/nq8h30nW6XW reports
Conversation
Don’t need to give PII for there to be a huge problem. Combined with other data sets, identities can be mapped to anonymized data. Also, depending on timing and method of sharing, it could have enabled front running. What specifically was shared, how, when and with whom?
Is frontrunning of Bitcoin (and other cryptocurrencies/tokens) technically illegal (in the US)?
Not even argueing that it absolutely should be but I'm not sure if it actually is. Is it classified as commodity or currency and does it fall under CFTC authority?
2
1
Quick search:
cryptobriefing.com/cftc-jurisdict
Considering previous investigations for 'market manipulation' I'd say frontrunning is illegal.
Is the law absolutely waterproof on that point though? I though crypto exchanges are not entirely regulated like regular exchanges?
2