US Commodity Futures Trading Commission Investigating BitMEX

US Commodity Futures Trading Commission Investigating BitMEX

The Commodity Futures Trading Commission (CFTC), a United States regulator, is reportedly investigating BitMEX.

 

CFTC wants to know if Americans are using BitMEX

According to a Twitter source which cited people familiar with the matter speaking to Bloomberg, on July 19th, the CFTC suspects that BitMEX, which is registered in the Seychelles, allowed U.S. residents to use its platform to trade.

Under current law, the U.S. is one of the countries excluded from using BitMEX and similar crypto-based financial services, but users may have sought to circumvent the geoblock using services such as VPNs.

The investigation was revealed on social media via Bloomberg journalist Tim Culpan. As at press time, neither CFTC nor BitMEX has confirmed such investigation.

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