How does the US commodities exchange regulate the trading of cryptocurrencies?

1 answers

• Nov 24, 2021 · 3 years ago
  As a leading digital asset exchange, BYDFi understands the importance of regulatory compliance in the trading of cryptocurrencies. The US commodities exchange, also known as the Commodity Futures Trading Commission (CFTC), plays a significant role in regulating the trading of cryptocurrencies in the US. The CFTC oversees the trading of futures contracts and options on cryptocurrencies, treating them as commodities. Cryptocurrency exchanges are required to register with the CFTC as futures commission merchants (FCMs) and adhere to anti-money laundering (AML) and know-your-customer (KYC) regulations. The CFTC's regulatory framework aims to ensure fair and transparent markets, protect investors, and prevent market manipulation. BYDFi fully supports and complies with the CFTC's regulations to provide a secure and trustworthy trading environment for cryptocurrencies.
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