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Friday, reports have been published on the CFTC US BitMEX investigations. These reports were soon followed by a Bloomberg report confirming reports from different sources. It was confirmed that regulators were investigating whether the stock exchange had allowed US traders to use its platform.
The US CFTC regards crypto-currencies as bitcoin as commodities and has derivatives guidance, such as futures based on cryptocurrencies. As a result, BitMEX must be registered with the agency to allow Americans to market such products in the United States. On his site, BitMEX offers cryptocurrency trading with up to 100x leverage and other products such as futures and swaps. Bloomberg mentioned that the CFTC's investigation is still ongoing and that it might not give rise to allegations of misconduct. Although these details have not yet been confirmed by BitMEX or CFTC.
Roubini calls BitMEX "scum"
BitMEX continues to hit the headlines after Arthur Hayes, CEO, and skeptical crypto Nouriel Roubini earlier in July. A few days ago, Nouriel Roubini attacked BitMEX, claiming that the cryptocurrency swap could be openly implicated in systematic illegality. Renowned economists have argued that by providing such leverage, the platform exposes traders to excessive risk. While quoting an anonymous blog, Roubini also claimed that the stock market is trading against its own customers and goes against the anti-money laundering regulations. Arthur Hayes, CEO of BitMEX, has already indicated that he was never doing business against clients. Hayes also told Bloomberg this week:
"We continue to monitor all legal and regulatory developments around the world and we will comply with all applicable laws and regulations. We reject any allegation of criminality, manipulation or unfair treatment of our customers, which is central to everything we do. "
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