BitMEX Appoints Former Bank Of China CCO As Non-Executive Board Director
100x Group, the corporation operating the Bitcoin derivatives exchange BitMEX, has a new Independent Non-Executive Board Director.
CFTC News and Updates
The US Commodity Futures Trading Commission (CFTC) is an independent federal agency that was established back in 1974 by the Commodity Futures Trading Commission Act. It regulates the commodity futures, as well as the options market. The goal is to protect investors against market manipulation, fraud, and abusive trade practices, while also promoting competitive and efficient trading.
There has been a serious debate regarding the nature of cryptocurrencies and whether or not they can be classified as commodities or securities, or even currencies, in general. Bitcoin, for example, was deemed a commodity by the CFTC back in 2015. Hence, those who operate with it would have to abide by the regulations set forth toward commodities.
In December 2019, the Chairman of the CFTC also said that Ether (ETH) is a commodity and, as such, falls within the jurisdiction of the CFTC.
Regarding other cryptocurrencies, it depends on their structure, intended use, and designation. As such, some of them may be considered securities and to fall within the department of the Securities and Exchange Commission (SEC), which posts a whole different set of rules.
Recent CFTC News
BitMEX Parent Company 100x Group Appoints Börse Stuttgart Executive As The New CEO
A few months after the departure of Arthur Hayes as the 100x CEO, the BitMEX parent company has replaced him
Coinbase Pro To Disable Margin Trading From December Citing CFTC Guidence
The US-based cryptocurrency exchange Coinbase Pro will suspend margin trading entirely starting from December to comply with CFTC guidance.
BitMEX To Enhance Its Trade Surveillance and AML Capabilities Following CFTC Fiasco
Over a month after the owners of BiMEX were charged with anti-money laundering violations, the exchange has partnered with Eventus
Adding Coins And Reducing Fees: Will BitMEX Survival Efforts Help Despite The Mandatory KYC?
BitMEX will be adding Polkadot, Binance Coin, and YFI for trading towards the end of the month. In addition, the
BitMEX Appoints a New Chief Compliance Officer With AML Background
The restructuring within 100x Group continues as the organization operating BitMEX has appointed a new CCO to further enhance
BitMEX CTO Samuel Reed Released On A $5 Million Appearence Bond
Samuel Reed, the CTO of the popular Bitcoin derivatives exchange BitMEX, has been released on a $5 million appearance bond.
The Big Winners: $145 Million Worth Of Bitcoin Transferred From BitMEX to Binance and Gemini Following CFTC Fiasco
Recent data has revealed that 45,000 bitcoins were withdrawn from BitMEX following the CFTC charges. Binance and Gemini have received
19% of All Bitcoins Stored On BitMEX Withdrawn After The CFTC Charges
Following the controversial developments yesterday, cryptocurrency traders have withdrawn over $336 million worth of BTC from the derivatives exchange BitMEX.
CFTC Filed a Complaint Against Operators of an Alleged $1 Million Bitcoin Investment Scheme
The CFTC has charged four people allegedly operating a Bitcoin trading scheme for duping nearly $1 million from investors.
