This decision makes cryptocurrencies topic to regulation by the CFTC when used within the context of a derivatives contract or if evidence of fraud or manipulation happens in interstate commerce. The CFTC regulates cryptocurrencies through the Commodity Exchange Act . The U.S. doesn’t currently present for complete oversight of cryptocurrencies; as a substitute, it relies on a hodgepodge of regulatory supervision. For example, when trying to commerce USD for EUR, you would possibly see a quoted value of $1.20 USD to buy one euro. Further nonetheless, you can withdraw your virtual currency and cargo them onto nameless prepaid debit cards to withdraw funds from ATMs. Crypto markets are inclined to have smaller gamers and less institutional or governmental presence.