New York Attorney General Letitia James directed two cryptocurrency lending platforms to cease operations within the next 10 days, and three other platforms to provide more information on their activities.
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.
SEC Director Peter Driscoll described the regulatory and operational challenges of delivering financial services during the pandemic, the issuance of alerts on pandemic and emergent risks (including on cybersecurity), and the roll out of Regulation Best Interest.
The CFTC filed charges against five entities and three individuals for owning and operating an unregistered platform for the trading of derivatives on cryptocurrencies.
The Office of the Attorney General of the State of New York initiated an inquiry into the policies and operations of virtual currency trading platforms.