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The US Futures Trading Commission (CFTC) included 34 foreign organizations in the list of unregistered. Six of them provide services related to cryptocurrencies.
According to the report, we are talking about TradeFinancials, CryptoBO, Bitpay Options, CryptoSphereFX, Direct Cryptos and Prime Crypto FX. The regulator urged users to be careful, noting “a large number of complaints of fraud.”
“As they are not registered with the CFTC, clients interacting with them may not be subject to protections and safeguards,” the Commission said.
They added that working with such organizations threatens “significant risks.” In general, the so-called “red list” has increased to 202 firms.
In November 2020, the Financial Regulator of Texas issued three emergency orders to terminate the activities of 14 cryptocurrency companies suspected of fraud.
In March 2021, the state authorities put forward claims to three unregistered projects. One of them worked under the brand of the bitcoin exchange Binance.
In October of the same year, the New Jersey Securities Bureau sent an order to the management of five crypto companies to suspend activities due to suspicions of fraud.
Recall that in April 2022, the US Securities and Exchange Commission expanded the list of “misleading” organizations associated with digital assets.
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