CFTC To US Traders: Foreign Crypto Exchanges Like Binance Now Accessible
The US Commodity Futures Trading Commission (CFTC) announced on Thursday that American traders will now have access to foreign cryptocurrency exchanges, marking another regulatory breakthrough for the digital asset industry. US Residents To Trade On Global Crypto Platforms The CFTC’s Division of Market Oversight released an advisory regarding the foreign board of trade (FBOT) registration […]
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The CFTC is investigating major cryptocurrency exchange Binance over concerns U.S. users bought and sold derivatives without approval.
The legal clash between Binance, the world’s largest crypto exchange, and the United States Commodity Futures Trading Commission (CFTC) is reaching a critical juncture. A recent court document has shed light on the next steps in this high-stakes confrontation, setting crucial deadlines that could significantly impact the outcome of the case. Binance Vs. CFTC: Here’s […]
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital marketplaces.” However, with oblique definitions on such key terms, it has not been clear who exactly will be taxed under the new regulations that come into force on Jan 1, 2020. Now, KRA tax expert Nixon Omondi has appeared to set the record straight. “As the law is, any person who will be....
"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson. The United States Commodity Futures Trading Commission, or CFTC, has added 34 unregistered foreign entities to its Registration Deficient List, including at least six providing crypto-related services.In a Thursday announcement, the CFTC said it had expanded its list of firms that it requires to register with the CFTC for providing services including trading binary options, foreign currency or other products....
The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can be imposed,” the regulator said.
16 Foreign Crypto Exchanges Flagged by South Korean Regulator
South Korea’s top financial regulator, the Financial Services Commission (FSC), announced Thursday that the country’s financial intelligence unit (KoFIU) has notified investigative....