United States of America: Announced settlement in CFTC investigation against Falcon Labs for allegedly providing customers access to digital asset derivatives trading platforms without registration
Description
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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), platform intermediary: other
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body