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The US Commodity Futures Buying and selling Fee (CFTC) is taking regulatory motion towards three decentralized finance protocols for allegedly failing to register varied derivatives buying and selling choices.
The U.S. commodities regulator introduced that it issued orders towards protocol Opyn, ZeroEx and Deridex in a Sept. eight assertion.
At present @CFTC issued orders towards operators of three DeFi protocols for providing unlawful digital asset derivatives buying and selling. Be taught extra: https://t.co/7YDbgC1Xl2
— CFTC (@CFTC) September 7, 2023
Deridex and Opyn had been charged for failing to register as a swap execution facility or designated contract market and failing to register as a futures fee service provider. The 2 protocols additionally didn’t adjust to buyer provisions set out within the Financial institution Secrecy Act, the CFTC mentioned.
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All three companies had been additionally charged with illegally providing leveraged and margined retail commodity transactions in digital property.
The CFTC’s orders oblige Opyn, ZeroEx, and Deridex to pay penalties of $250,000, $200,000, and $100,000, respectively, and to stop and desist from violating the Commodity Alternate Act and the CFTC’s laws.
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It is a growing story, and additional info shall be added because it turns into out there.
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