Exchanges / Breaking News / Crypto Market
The Commodity Futures Trading Commission (CFTC) based regulator in the United States is apparently investigating the crypto giant BitMEX, according to Bloomberg sources.
The sources, such as Tim Culpan have cited people familiar with the matter speaking on July 19th, the CFTC believes that BitMEX allowed US Residents to use its platform to trade.
— Tim Culpan (@tculpan) July 19, 2019
The current law in the United States, the country is just one nation to be excluded from using the BitMEX platform, which is currently restricted in Seychelles and similar crypto-based financial services but users could have looked elsewhere to avoid the geoblock by utilising VPN services.
Even though no official details have been confirmed yet, the investigation on the CFTC came to light on social media through Culpan.
Dr Doom’s Input
BitMEX remains in the spotlight though as after this week following the debate between the firms CEO Arthur Hayes and the notorious Bitcoin shamer, Nouriel Roubini, AKA Dr Doom, earlier this month.
Following the meeting between the two, Roubini hit out at the CEO for postponing the release of a video which showed the whole debate on camera.
Earlier this week on Wednesday though, Dr Doom made things interesting as he published what he said was solid evidence of malpractice at BitMEX as he ‘killed two birds with stone’ so to speak (Hayes and BitMEX).