Together with the SEC, the CFTC, the US institution with the greatest power over cryptocurrencies, has included 45 firms, some of which are crypto companies, on the sanction list. Details are as follows…
CFTC has redlisted these crypto companies
The U.S. Commodity Futures Trading Commission (CFTC) added 45 more unregistered foreign entities to its List of Unregistered (RED List) today. According to Executive Director Ian McGinley:
For nearly 10 years, the CFTC has listed assets on the RED List that have the potential to cause irreparable financial harm to unsuspecting Americans. For this reason, we strongly recommend that all our clients check the RED List before trading, as they may have little or no protection if they choose to trade with unregistered firms operating outside of the US.
Which companies are selected?
Launched in 2015, the CFTC’s RED List currently includes more than 240 companies. The U.S. regulator adds a firm to the RED List, especially when it determines from research tips and public inquiries that it is not registered with the CFTC and appears to be operating in a registration-required capacity, such as binary options trading, Forex.
Also, the Commodity Exchange Act often requires brokers in the derivatives industry to register with the CFTC. A “broker” is a person or firm acting on behalf of another person in connection with futures, swaps or options. Depending on the nature of its activities, an agent may also be subject to a variety of financial, disclosure, reporting and record keeping requirements.
Here are the crypto companies on the CFTC RED List
Among the more than 240 companies included in the CFTC’s list are the following companies operating in the cryptocurrency space.
- FastfxtCoin – fastfxtcoin.com
- AlvaroFxPro – boptd.com
- Foretrade Mining – foretrademining.com
- BBT Forex – bbtforex.com
- Forex Capital Gain – forexcapitalgain.com
- Binance FX Trading – binancefxtrading.com
- Forex Cash Market – forexcashmarket.com
- Binary Option Trades – boptd.com
- FxtMetaTrust – fxtmetatrust.com
- CapitalInvestOption – capitalinvestoption.com
- Galaxy Stock Trade – galaxystocktrade.online
- CedarFX – cedarfx.com
- PrimeFX – primefxtrades.com
- ProsperityFX – prosperity4x.com
- Coingate ForexPro – coingateforexpro.com
- Quick FX Trade – quickfxtrade.com
- Crypto Banxa Pro Trade – cryptobanxatrade.com
- CryptoBanxaTrade – cryptobanxatrade.com
- CryptoBinaryTrade – cryptobinarytrade.com
- SmartBitOption – smartbitoptions.online
- CryptocurrencyBitcoinxtrade – cryptocurrencybitcoinxtrade.com
- Smart Bit Options – smartbitoptions.online
- CryptoFxMarket – cryptofxmarket.live
- CryptoInvestments – cryptoinvestments.market/index.php
- Smpfxtrade – smpfxtrade.com
- CryptoLifeTrade (IQ Option) – cryptolifetrade.com
- Standard Crypto Trading – standardcryptotrading.com
- Crypto Prolite – cryptoprolite.com
- TradersOption – tradersopt.com
- CryptorateFX Ltd. – cryptoratefx.com
- True Forex Funds – trueforexfunds.com
- Elite Financial Markets – elitefinancialmarkets.com/en
CFTC-Binance case
Prior to June 5’s SEC lawsuit, the CFTC sued Binance in late March specifically for violating US regulations. cryptocoin.com We have included the details of the development in this article. Binance CEO CZ called after this move by the regulator with the slogan “4” that it always is.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.