Bitfinex Fined US$75,000 for Illegal Off-Exchange Transactions

Bitfinex Fined US$75,000 for Illegal Off-Exchange Transactions

Bitfinex has been fined by the U.S. Commodity Futures Trading Commision for offering illegal off-exchange financed retail commodity transactions in Bitcoin Bitfinex, one of the world’s largest Bitcoin and cryptocurrency exchanges, has been fined by the U.S. Commodity Futures Trading Commision (CFTC) for offering illegal off-exchange financed retail commodity transactions in Bitcoin and also failing to register as a Futures Commission Merchant (FCM). The company is required by the Order to pay a US$75,000 civil monetary penalty in total, for other alleged illegal operations such as....


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