Bitcoin News / Bitcoin.com - 2 years ago
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...
Cryptocoins News / CoinJournal - 2 years ago
The CFTC says the penalty is one of the actions it’s taking to protect US investors
Kraken, one of the leading US-based cryptocurrency exchanges, has been fined by the Commodity Futures Trading Commission (CFTC) for offering unregulated crypto...
Cryptocoins News / NewsBTC - 2 years ago
One of the biggest cryptocurrency exchanges, Kraken, received a $1.25M fine. The Commodity Futures Trading Commission imposed the “civil monetary penalty” plus a cease and desist from “further violations of the Commodity Exchange Act (CEA)” on Septem...
Cryptocoins News / The Cointelegraph - 2 years ago
“Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws an...
Cryptocoins News / The Cointelegraph - 2 years ago
The commissioner has said the CFTC’s enforcement actions in the crypto space have been “aggressive," and hinted that decentralized finance platforms were likely illegal under the Commodit...
Cryptocoins News / The Cointelegraph - 2 years ago
"We’re not necessarily looking for more authority without more resources," said Dan Berkovitz in regards to crypto markets. Dan Berkovitz, one of three commissioners c...
Cryptocoins News / The Cointelegraph - 2 years ago
The three officials tapped by the Biden administration for CFTC roles come with promising crypto credentials, but can they live up to the promise? On Sept. 14, United...
Cryptocoins News / The Cointelegraph - 2 years ago
All CFTC nominations must be confirmed by the U.S. Senate in a simple majority vote. President Joe Biden has tapped acting chairperson of the Commodity Futures Trading...
Cryptocoins News / The Cointelegraph - 2 years ago
The company has brought former United States CFTC commissioner Brian Quintenz aboard its operation. Crypto regulation has become an increasingly relevant topic over...
Cryptocoins News / The Cointelegraph - 2 years ago
"A trading platform that offers derivatives on digital assets to U.S. persons without registering, or in violation of CFTC trading rules, is subject to the CFTC’s enforcement authority,"...
Cryptocoins News / The Cointelegraph - 2 years ago
Quintenz's 5-year term at the agency was originally scheduled to end in April 2020, but he has twice extended his departure. Brian Quintenz, who has served as one of t...
Cryptocoins News / The Cointelegraph - 2 years ago
The letter seems to be applying political pressure for the two government agencies to act on their own, rather than waiting for a bill requiring the creation of such a group to become law...
Bitcoin News / Bitcoin.com - 2 years ago
Two U.S. lawmakers have urged the chairman of the Securities and Exchange Commission (SEC) and the acting chairman of the Commodity Futures Trading Commission (CFTC) to establish a joint working group for the regulation of crypto assets.
SEC and CFTC...
Bitcoin News / Bitcoin.com - 2 years ago
Global cryptocurrency derivatives exchange Bitmex has settled charges with the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN). The exchange has agreed to pay as much as $100 million to end inves...
Cryptocoins News / The Cointelegraph - 2 years ago
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 Bi...
Cryptocoins News / The Cointelegraph - 2 years ago
Former CFTC Chair Christopher Giancarlo argued that the CFTC is the only U.S. regulatory agency that has experience regulating markets for Bitcoin and crypto. Amid the...
Bitcoin News / Bitcoin.com - 2 years ago
Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have claimed jurisdiction over the crypto industry. A CFTC commissioner clarified that pure commodities, including crypto assets, or their trad...
Bitcoin News / Bitcoin.com - 2 years ago
U.S. Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation. “In light of the rapid growth in digital assets, it is important for the agen...
Cryptocoins News / The Cointelegraph - 2 years ago
FinCEN will soon issue regulations on how financial institutions should incorporate its priorities on crypto considerations into their AML programs. The United States’...
Bitcoin News / Bitcoin.com - 2 years ago
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have warned investors of the risks of investing in funds with exposure to bitcoin futures.
The SEC published an investor alert on funds trading in...