• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Monday, September 25, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

CFTC charges BitMEX with illegally operating an unregistered trading platform

1 October 2020
in Regulation
Reading Time: 2 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


The U.S. Commodity Futures Trading Commission (CFTC) has charged the owners of BitMEX with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to meet required AML procedures. According to the lawsuit, five entities and three individuals were charged, which include Arthur Hayes, the co-founder, and CEO of BitMEX, Ben Delo, the exchange’s co-founder, and Samuel Reed, its co-founder, and CTO.

CFTC files a civil enforcement action against BitMEX

BitMEX, one of the largest cryptocurrency exchanges in the world, has found itself at the receiving end of a lawsuit from the CFTC.

Related articles

Peru Tightens Crypto Laws, Mandates Exchanges To Comply With AML Regulations

Peru Tightens Crypto Laws, Mandates Exchanges To Comply With AML Regulations

29 July 2023
Report: New EU Regulations Will Require Banks To Disclose Bitcoin Holdings

Report: New EU Regulations Will Require Banks To Disclose Bitcoin Holdings

1 July 2023

The U.S. Commodity Futures Trading Commission (CFTC) has announced that it filed a civil enforcement action, charging five entities and three individuals that own and operate the BitMEX trading platform with operating an unregistered trading platform and violating multiple CFTC regulations, such as failing to implement the required anti-money laundering procedures.

[crypto-donation-box]
Cryptohopper
ADVERTISEMENT

According to the official CFTC filing, the charges were made against five entities and three individuals that own and operate BitMEX. The companies named in the lawsuit are HDR Global Trading Limited, 100x Holding Limited, ABS Global Trading Limited, Shine Effort Inc Limited, and HDR Global Services (Bermuda) Limited (BitMEX).

Arthur Hayes, the CEO, and co-founder of BitMEX, was also charged, as were the exchange’s other co-founders Ben Delo and Samuel Reed, who currently serves as the company’s chief technology officer.

BitMEX faces a legal battle with the CFTC

The CFTC alleges that BitMEX has received more than $11 billion in BTC deposits and made more than $1 billion in fees while conducting significant aspects of its business from the U.S. and accepting orders and funds from U.S. customers. As such, it’s required to follow the country’s strict AML and KYC procedures, which the CFTC claims BitMEX failed to do.

“Effective anti-money laundering procedures are among the fundamental requirements of intermediaries in the derivatives markets, whether in traditional products or in the growing digital asset market,” said James McDonald, the director of the Division of Enforcement’s Digital Asset and Bank Secrecy Act Task Forces. “This action shows the CFTC will continue to work vigilantly to protect the integrity of these markets.”

According to the filing, the CFTC will seek disgorgement of ill-gotten gains, civil monetary penalties, restitution for the benefit of customers, permanent registration and trading bans, and a permanent injunction from future violations of the Commodity Exchange Act (CEA).

Like what you see? Subscribe for daily updates.



Source link

Tags: BitMEXCFTCChargesIllegallyoperatingPlatformtradingUnregistered
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Bitcoin News Roundup for Oct. 1, 2020

Next Post

This is The Level XRP Has to Break for The Bulls to Push Higher (Ripple Price Analysis)

Related Posts

Peru Tightens Crypto Laws, Mandates Exchanges To Comply With AML Regulations

Peru Tightens Crypto Laws, Mandates Exchanges To Comply With AML Regulations

29 July 2023
0

In a move to address growing concerns over money laundering and terrorist financing associated with cryptocurrencies, the Presidency of Peru...

Report: New EU Regulations Will Require Banks To Disclose Bitcoin Holdings

Report: New EU Regulations Will Require Banks To Disclose Bitcoin Holdings

1 July 2023
0

The European Union (EU) is making significant progress in the reform of its banking regulations, with a particular focus on...

Arizona Senator Pushes Bill To Make Crypto Legal Form Of Currency

Arizona Senator Pushes Bill To Make Crypto Legal Form Of Currency

26 January 2023
0

In the past year, bitcoin’s price has declined by about 60% from its all-time high. This has diminished the excitement...

How New Jersey’s Potential NFT Regulation Can Set Poor Precedent

How New Jersey’s Potential NFT Regulation Can Set Poor Precedent

20 January 2023
0

For the first time, we’re seeing an individual U.S. state (in this case, New Jersey) pursue NFT-specific regulation in what...

Ripple Vs. SEC To Be Settled On This Date: Cardano Founder

Ripple Vs. SEC To Be Settled On This Date: Cardano Founder

12 December 2022
0

Cardano founder Charles Hoskinson has made an explosive claim about the legal dispute between Ripple Labs and the U.S. Securities...

Load More
Next Post

This is The Level XRP Has to Break for The Bulls to Push Higher (Ripple Price Analysis)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Solana’s #1 NFT Market Surpasses NFT Projects Running on Ethereum 
  • Navigating NFTs, copyright and trademarks: insights from South Africa – Commentary
  • Inscription Craze Leaves Thousands of Bitcoin Transactions Unconfirmed

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$26,205.00-1.42%
  • ethereumEthereum(ETH)$1,578.15-1.02%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$208.72-0.84%
  • rippleXRP(XRP)$0.50-1.45%
  • usd-coinUSDC(USDC)$1.00-0.14%
  • staked-etherLido Staked Ether(STETH)$1,577.38-1.04%
  • dogecoinDogecoin(DOGE)$0.061028-0.92%
  • cardanoCardano(ADA)$0.244463-0.25%
  • solanaSolana(SOL)$19.44-0.90%
  • ToncoinToncoin(TON)$2.20-3.81%
  • tronTRON(TRX)$0.0840390.48%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.36%
  • polkadotPolkadot(DOT)$4.01-0.40%
  • matic-networkPolygon(MATIC)$0.51-1.41%
  • litecoinLitecoin(LTC)$64.05-1.37%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.94%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,170.00-1.74%
  • bitcoin-cashBitcoin Cash(BCH)$205.99-1.53%
  • chainlinkChainlink(LINK)$7.21-0.25%
  • daiDai(DAI)$1.00-0.04%
  • true-usdTrueUSD(TUSD)$1.00-0.04%
  • leo-tokenLEO Token(LEO)$3.76-2.01%
  • uniswapUniswap(UNI)$4.25-0.86%
  • stellarStellar(XLM)$0.112849-0.71%
  • avalanche-2Avalanche(AVAX)$8.78-1.68%
  • moneroMonero(XMR)$143.680.67%
  • okbOKB(OKB)$42.70-0.26%
  • binance-usdBinance USD(BUSD)$1.000.00%
  • ethereum-classicEthereum Classic(ETC)$15.22-0.72%
  • cosmosCosmos Hub(ATOM)$6.98-1.54%
  • hedera-hashgraphHedera(HBAR)$0.050061-2.08%
  • filecoinFilecoin(FIL)$3.23-1.11%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • crypto-com-chainCronos(CRO)$0.050617-1.13%
  • lido-daoLido DAO(LDO)$1.47-1.24%
  • internet-computerInternet Computer(ICP)$2.94-1.12%
  • AptosAptos(APT)$5.507.08%
  • quant-networkQuant(QNT)$88.52-2.68%
  • MantleMantle(MNT)$0.3966921.19%
  • vechainVeChain(VET)$0.016654-1.56%
  • makerMaker(MKR)$1,278.41-0.93%
  • nearNEAR Protocol(NEAR)$1.11-0.24%
  • ArbitrumArbitrum(ARB)$0.81-0.97%
  • optimismOptimism(OP)$1.27-2.01%
  • KaspaKaspa(KAS)$0.0484965.81%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,711.28-1.13%
  • BSCEXBSCEX(BSCX)$237.190.34%
  • aaveAave(AAVE)$61.93-1.81%