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CFTC Settles With Bitcoin Swap Platform Over Wash Trades

By Jeff Zalesin ( September 24, 2015, 8:10 PM EDT) -- The U.S. Commodity Futures Trading Commission said Thursday that derivative trading platform provider TeraExchange LLC has consented to a finding that it illegally prearranged a pair of bitcoin swaps designed to cancel each other out, then talked up the transaction as evidence that bitcoin derivative trading had begun....

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