Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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U.S. CFTC comments on Binance case: Plans to continue to actively pursue illegal crypto exchanges and will not tolerate circumvention of KYC rules
2023-11-24 01:08
Odaily News In response to the latest developments in the CZ and Binance case, U.S. Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero issued a statement saying that there are no pirate ships in the U.S. market and that access to U.S. customers is a privilege, not a Rights, the CFTC plans to continue to actively pursue crypto exchanges that violate trade laws and will not tolerate the use of VPNs or other behaviors that may circumvent KYC rules, including simply asking users to prove that they are not in the United States in a pop-up prompt box. CFTC Commissioner Caroline D. Pham said in a separate statement that the CFTC’s jurisdiction knows no borders and the CFTC will not stop its pursuit of non-U.S. entities. (Business Insider)