BitMEX reportedly probed by US commodity watchdog
“HDR Global Trading Limited, owner of BitMEX, as a matter of company policy, does not comment on any media reports about inquiries or investigations by government agencies or regulators and we have no comment on this report,” a BitMEX spokeswoman told Bloomberg.
The Seychelles-registered BitMEX, which has become rather popular in Asia, claims to offer up to 100 times leverage, as well as other products such as crypto futures and swaps. The exchange has an office in Hong Kong and one in San Francisco, but because it doesn’t have a registration with the US commodity regulator, it cannot serve users based in the country.
Earlier this year, BitMEX co-founder and chief executive officer Arthur Hayes said in an interview with Bloomberg that the company removed anyone who flouted company rules barring US residents and nationals. However, he noted that users could use virtual private networks to mask their locations and trick the filters used by the exchange.
In its report, Bloomberg said that the CFTC probe was ongoing and noted that such investigations do not always lead to allegations of misconduct.
Featured image: Iaremenko Sergii / Shutterstock.com
More Resources
The post BitMEX reportedly probed by US commodity watchdog appeared first on The Independent Republic.
source: https://theindependentrepublic.com/bitmex-reportedly-probed-by-us-commodity-watchdog/
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!
Article comments