Btrz_JokerBTC_728x90_en.gif

U.S. CFTC Reportedly Investigating BitMEX for Unlawful Derivatives Trading

The U.S. Commodity Futures Trading Commission (CFTC), the American agency charged with regulating futures markets, are investigating the BitMEX cryptoasset exchange for allegedly allowing U.S. persons to trade on its platform, according to anonymous sources speaking to Bloomberg.


The investigation has already been underway for “months,” and has not been made public by the CFTC. U.S. persons are barred from trading securities, derivatives and futures products on exchanges not regulated by one of its regulatory agencies. The BitMEX exchange is registered in Seychelles, an island archipelago nation in the Indian Ocean.


BitMEX have for some time blocked connections coming from the U.S. and Québec, as well as several other countries, and even recently updated their terms of service to further highlight this standard. Yet it remains easy to bypass this geoblocking with the use of a virtual private network (VPN).


A spokesperson for BitMEX told CryptoGlobe:


"HDR Global Trading Limited, owner of BitMEX, as a matter of company policy, does not comment on any media reports about inquiries or investigations by government agencies or regulators and we have no comment on this report."

Read More at CryptoGlobe...

#CFTC #BitMEX #Trading

Antminer Banner.png