The CFTC sanctioned a digital asset commodity trading platform for failing to register with the CFTC as either a DCM or an FCM and offering trading in CFTC-regulated products to retail investors.
The founders of a cryptocurrency derivatives exchange settled CFTC charges related to owning and operating an unregistered platform.
A company operating a digital asset exchange settled CFTC charges for (i) engaging in illegal off-exchange trading of retail commodity transactions with U.S. customers that were not eligible contract participants, and (ii) failing to register as a futures commission merchant.
A derivative exchange specializing in the trading of products based on virtual currencies settled CFTC and FinCEN charges for operating as an unregistered futures commission merchant and for Bank Secrecy Act violations.
CFTC Commissioner Dawn D. Stump urged greater cross-border collaboration in order to operate and build a more resilient clearing system.