Jump to content
AskTraders Trading Community
  • 0

Is BitMEX being investigated by the CFTC?


Nick Robinson

Question

1 answer to this question

Recommended Posts

  • 0

Commodity Futures Trading Commission (CFTC) is rumoured to be investigating BitMEX, which is the biggest cryptocurrency trading platform by volume. CFTC suspects BitMEX of allowing US residents to use the platform to trade. Allowing citizens to trade on BitMEX would be against the law as the US is currently one of the countries that doesn’t have the option to use BitMEX and similar crypto-based financial services due to the regulations that the country imposes. However, some American residents may have tried and succeeded to bypass the geoblock, which prevents them to access BitMex.

The investigation details have not been revealed or confirmed yet by either BitMEX or the CFTC. BitMEX remains in the spotlight after a verbal altercation between BitMEX’s CEO Arthur Hayes and a serial bitcoin non-believer Nouriel Roubini.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. To reply to this question, sign in or create a new account.

Guest
Reply to this question

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...