U.S. Commodities Watchdog Investigates Crypto Exchange BitMEX

By Yana Berman

United States watchdog the Commodity Futures Trading Commission (CFTC) has allegedly launched an investigation of crypto exchange BitMEX activity in the country, Bloomberg’s reporter wrote on Friday, July 18.

                                

According to Tim Culpan, tech columnist for Bloomberg Opinion Asia, the CFTC wants to find out whether the U.S. customers are trading on a Seychelles-registered platform. As of press time, the details of the investigation were not disclosed.

Trading on crypto derivatives platform BitMEX has been unavailable to the U.S. traders due to legal restrictions. However, local users might have used VPN to trade on the platform.

Earlier in July, renowned crypto skeptic Nouriel Roubini slammed BitMEX for violating the U.S. law. In his report called “The Great Crypto Heist” he also claimed that the crypto exchange was involved in money laundering and terrorism financing.

Also in July, President Donald Trump criticized cryptocurrencies, including Facebook’s much anticipated Libra, in a series of tweets. He claimed that digital currencies are based on “thin air” and can facilitate unlawful behavior.

FURTHER READING: Trade Aalberts Industries N.V. - AALB stock price

FURTHER READING: Trade Aareal Bank AG - ARL stock price

FURTHER READING: Trade Abbott Laboratories - ABT stock price

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image