US CFTC Issues Guidance on Registration Framework for Foreign Trading Platforms, Providing Regulatory Clarity for Non-US Trading Platforms to Return to the US Market
On August 29, the U.S. Commodity Futures Trading Commission (CFTC) Market Supervision Division issued guidance today on the registration framework for Foreign Board of Trade (FBOT), which applies to non-U.S. entities that are legally formed and operated outside the United States and wish to provide direct trading platform access to individuals located within the United States. The CFTC's FBOT registration framework applies to all markets, regardless of asset class, including traditional and digital asset markets.Acting Chairman Caroline D. Pham said, "The FBOT guidance issued today provides regulatory clarity for trading activity that has left the United States due to 'regulation by enforcement' in recent years to legally return to the United States. By reaffirming the CFTC's long-standing practice of providing U.S. traders with diverse choices and access to the world's deepest, most liquid markets, as well as a wealth of products and asset classes, U.S. companies that have been forced to establish operations abroad to conduct crypto asset trading now have the opportunity to return to the U.S. market." [BlockBeats]
US CFTC Issues Guidance on Registration Framework for Foreign Trading Platforms, Providing Regulatory Clarity for Non-US Trading Platforms to Return to the US Market
On August 29, the U.S. Commodity Futures Trading Commission (CFTC) Market Supervision Division issued guidance today on the registration framework for Foreign Board of Trade (FBOT), which applies to non-U.S. entities that are legally formed and operated outside the United States and wish to provide direct trading platform access to individuals located within the United States. The CFTC's FBOT registration framework applies to all markets, regardless of asset class, including traditional and digital asset markets.Acting Chairman Caroline D. Pham said, "The FBOT guidance issued today provides regulatory clarity for trading activity that has left the United States due to 'regulation by enforcement' in recent years to legally return to the United States. By reaffirming the CFTC's long-standing practice of providing U.S. traders with diverse choices and access to the world's deepest, most liquid markets, as well as a wealth of products and asset classes, U.S. companies that have been forced to establish operations abroad to conduct crypto asset trading now have the opportunity to return to the U.S. market." [BlockBeats]
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