ICYMI: CFTC flags 34 crypto and forex trading desks as unregistered foreign entities
The commission has identified the firms as operating as intermediaries for derivatives trading to US users without proper registration.
The Commodity Futures Trading Commission has expanded its RED List with a new roster of crypto and forex firms the agency has identified as unregistered foreign entities.the 34 new additions on July 14, warning US users and financial service providers against accessing their services. Several of the entities announced share domain names or have domains that redirect to the same website. Others have websites that are themselves not live, including fx-cryptex.com and directcryptos.com.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Kollen Post is a senior reporter at The Block, covering all things policy and geopolitics from Washington, DC. That includes legislation and regulation, securities law and money laundering, cyber warfare, corruption, CBDCs, and blockchain’s role in the developing world.
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