Earlier this week The Commodity Futures Trading Commission (CFTC) released an update elaborating on the future pathway for overseas crypto exchanges to legally accept U.S.-based customers.
Main takeaways:
- The CFTC's FBOT registration framework applies to all markets, regardless of asset class, and includes both traditional and digital asset markets
- Provides the regulatory clarity needed to legally onshore trading activity that was driven out of the US due to the unprecedented regulation by enforcement approach
- US companies that were forced to set up shop in foreign jurisdictions to facilitate crypto asset trading will now have a path back to U.S. markets
#Digitalassets #innovationcommunity
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Todor Kostov
Director
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