United States of America: CFTC investigation into Falcon Labs for allegedly providing customers access to digital asset derivatives trading platforms without registration
Progress
Current status
in force
13 May 2024 in force
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
platform intermediary: other
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Announced settlement in CFTC investigation against Falcon Labs for allegedly providing customers access to digital asset derivatives trading platforms without registration
On 13 May 2024, the Commodity Futures Trading Commission (CFTC) announced that it reached a settlement with Falcon Labs, based in Seychelles, over its alleged failure to register as a futures commission merchant (FCM). The CFTC stated that Falcon La…
Event type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body