If you don’t register, the CFTC is going to come for you, and they’re doing just that with this exchange. Read more to find out why.
The United States Commodity Futures Trading Commission, or CFTC, filed a complaint against Digitex LLC and its founder and CEO Adam Todd for failing to register the cryptocurrency futures exchange and manipulating the price of its DGTX token.
According to a Sept. 30 court filing in the Southern District of Florida, Todd allegedly pumped up the price of DGTX tokens in an effort to inflate Digitex’s holdings. The U.S. regulator claimed the Digitex CEO used different corporate entities as part of a scheme to launch and operate an illegal digital asset derivatives trading platform, in violation of the Commodity Exchange Act.
CFTC rules require performing rKnow Your Customer checks and implementing a customer information program. Todd said in 2020 that heThe complaint said the CFTC sought a court order blocking Todd and Digitex from engaging in digital asset transactions considered commodities under the regulator’s purview. In addition, the regulator intended for Digitex to pay civil monetary penalties, disgorgement, and restitution to affected parties.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
CFTC Charges Digitex Founder Adam Todd With Running Illegal Crypto Derivatives Trading Platform.Digitex_io founder Adam Todd has been charged by the CFTC for multiple violations of the Commodity Exchange Act. cheyenneligon reports
Leer más »
Bitcoin 'Could Double in Price' if Regulated by the CFTC, Chairman Claims | CoinMarketCapRostin Behnam said clear rules could help the crypto markets to grow — boosting institutional inflows 📈
Leer más »
Bitcoin Could ‘Double in Price’ Under CFTC Regulation, Chairman Behnam SaysNEW: CFTC Chairman Rostin Behnam touted the benefits of CFTC-led crypto regulation at a nyulaw event on Thursday. 'Bitcoin might double in price if there's a CFTC-regulated market,' CFTCBehnam said. cheyenneligon reports
Leer más »
CFTC chair: BTC price 'might double' with more regulation of crypto marketsRostin Behnam, chair of the Commodity Futures Trading Commission, is continuing the CFTC's charm offensive with the crypto industry by floating a price boost for Bitcoin.
Leer más »
Ooki DAO members explore options in response to CFTC lawsuitSelling nonfungible tokens to raise funds for the legal battle is one of the options highlighted by the DAO members. (Reporting via ezrareguerra)
Leer más »
Ooki DAO is mulling its options to fight back against the CFTCOoki DAO members are discussing ways to raise funds for a possible legal defense of the lawsuit brought on by the CFTC.
Leer más »