CFTC charges crypto futures trading platform for failure to register in the US
Cointelegraph
Published Sep 28, 2020 10:40AM ET
Updated Sep 29, 2020 12:40PM ET
On Monday, the Commodity Futures Trading Commission filed charges against Laino Group for soliciting U.S. investors to trade in futures on commodities including Ether, Litecoin and Bitcoin without registering with the commission.
Per the CFTC's complaint the St. Vincent-registered Laino Group, doing business as PaxForex, used a network of U.S.-based affiliates to solicit American retail investors. In doing so, Laino Group violated the Commodity Exchange Act.
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Written By: Cointelegraph
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