CFTC Investigates Binance Over Concerns That U.S. Traders Illegally Utilized ...
The CFTC is investigating major cryptocurrency exchange Binance over concerns U.S. users bought and sold derivatives without approval.Binance Holdings Ltd. is being investigated by the Commodity Futures Trading Commission (CFTC) over concerns that United States citizens utilized trading services barred to them, according to a Bloomberg report.“The CFTC is seeking to determine whether Binance, which isn’t registered with the agency, permitted U.S. residents to buy and sell derivatives that the regulator polices,” Bloomberg reported. “Binance, which has an office in Singapore but says it....
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The legal clash between Binance, the world’s largest crypto exchange, and the United States Commodity Futures Trading Commission (CFTC) is reaching a critical juncture. A recent court document has shed light on the next steps in this high-stakes confrontation, setting crucial deadlines that could significantly impact the outcome of the case. Binance Vs. CFTC: Here’s […]
A commissioner with the Commodity Futures Trading Commission (CFTC), Dawn Stump, has voiced concerns about cryptocurrency regulation through enforcement — the approach taken by both the CFTC and the U.S. Securities and Exchange Commission (SEC).
CFTC Commissioner Stump on Crypto Regulation
CFTC Commissioner Dawn Stump has raised concerns regarding the approach her agency and the U.S. Securities and Exchange Commission (SEC) are taking to regulate the crypto industry. The commissioner is a vocal proponent of clarifying guidelines for crypto assets.
In an....
A Caribbean firm is in hot water with the CFTC for allegedly allowing U.S. retail investors to partake in leveraged trading of cryptocurrencies and precious metals.
Former CEO Arthur Hayes and other executives at the firm are still likely to face charges on alleged violations of the Bank Secrecy Act. Crypto derivatives exchange BitMEX has agreed to pay up to $100 million to resolve a case from the United States Commodity Futures Trading Commission, or CFTC, and the Financial Crimes Enforcement Network, or FinCEN.In a Tuesday announcement, the Commodity Futures Trading Commission said the U.S. District Court for the Southern District of New York had entered a consent order for HDR Global Trading Limited, 100x Holding Limited, ABS Global Trading....
The Commodity Futures Trading Commission (CFTC) has charged Payward Ventures, the operator of cryptocurrency exchange Kraken, “for illegally offering margined retail commodity transactions in digital assets, including bitcoin, and failing to register.” CFTC Charges Kraken, Imposes $1.25 Million Penalty The Commodity Futures Trading Commission (CFTC) announced Tuesday that it has imposed a $1.25 million penalty on cryptocurrency exchange Kraken. The derivatives regulator issued an order filing and settling charges against Payward Ventures Inc., dba Kraken, “for....