CFTC charges 12 New York crypto options businesses with failing to register By Cointelegraph

CFTC costs 12 New York crypto choices companies with failing to register

The Commodity Futures Buying and selling Fee (CFTC) has charged 12 New York-based crypto choices companies with allegedly failing to register with the regulatory physique.

In a Sept. 29 press launch, the CFTC outlined that it’s charging 14 entities in whole, with the 12 crypto-focused corporations all on the hook for failing to register as futures fee retailers (FCMs). All the corporations have been “allegedly primarily based in New York.” The opposite two firms have allegedly posted deceptive details about their Nationwide Futures Affiliation (NFA) membership and registration with the CFTC.