This content is not available in your region

Bitcoin becomes official US commodity

Access to the comments Comments
By Euronews
euronews_icons_loading
Bitcoin becomes official US commodity

Bitcoin is to be classed as a commodity in the United States along with gold and oil, according to Commodity Futures Trading Commission.

It decision follows a clampdown on unregistered firms which trade derivatives of the crypto-currency.

Bitcoin is a virtual currency that allows users to exchange online credits for goods and services.

While there is no central bank that issues them, bitcoins can be created online by using a computer to complete difficult tasks, a process known as mining.