All posts tagged "Commodity Exchange Act"
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310Crypto / Digital AssetsSenate Bill Would Grant CFTC Authority Over Bitcoin, Ether
The bill would amend the Commodity Exchange Act to include a new commodity category called "digital commodities" that includes Bitcoin and Ether.
August 5, 2022 -
442Enforcement
CFTC Fines BNP, JPM for Swap Reporting Violations
BNP Paribas agreed to pay USD 6 million for failing to correctly report over three million swap transactions. JPMorgan was fined USD 850,000.
July 7, 2022 -
573AML / KYCUS Court Orders BitMEX Co-Founders to Pay $30m in Fines
The orders follow the CFTC's $100mn settlement with five BitMEX entities last year over violations of US derivatives and AML regulations.
May 9, 2022 -
533Crypto / Digital Assets
CFTC Fines Tether as US Regulators Scrutinise Crypto Markets
The CFTC has fined Tether $41mn and Bitfinex's parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.
October 21, 2021 -
374AML / KYC
BitMEX to Pay $100m in Civil Penalties for US Regulatory Breaches
BitMEX unlawfully accepted orders and funds from US customers to trade cryptocurrencies and failed to have in place an AML and user verification programme.
August 12, 2021 -
345Enforcement
US Federal Court Sanctions Australian Trader for Spoofing
The Propex Derivatives trader is required to repay $21,000 in disgorgement and cease and desist from violating anti-spoofing and manipulation rules.
June 16, 2021 -
711Crypto / Digital Assets
CFTC Penalises Coinbase for False Reporting, Wash Trading
The settlement requires Coinbase to pay $6.5mn, and desist from any further violations of the Commodity Exchange Act or CFTC regulations.
March 24, 2021 -
2.0KAML / KYC
BitMEX Founders Charged for Evading AML Requirements
Four individuals were charged for "willfully" failing to establish, implement, and maintain an adequate AML programme that included a KYC component.
October 3, 2020 -
537Australia & NZ
CFTC Penalises Australian Firm for Spoofing by Former Trader
The CFTC has ordered Propex Derivatives to pay $1mn, comprising restitution, disgorgement, and a civil monetary penalty. The DOJ has also entered a deferred prosecution agreement with the firm.
January 23, 2020
