This content is not available in your region

Bitcoin becomes official US commodity

Access to the comments Comments
By Euronews
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.