CFTC enforcement director calls DeFi exchanges 'obvious threat'

charged three DeFi protocols last week — Opyn, ZeroEx and Deridex — for offering “illegal digital asset derivatives trading.”Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The Commodity Futures Trading Commission’s enforcement director called unregulated decentralized finance exchanges an"obvious threat" in recent remarks following the agency's charges against a trio of DeFi protocols last week.

"The existence of unregulated DeFi exchanges is an obvious threat to the markets regulated and customers protected by the CFTC, and it is one we have taken very seriously," the CFTC’s Enforcement Director Ian McGinley said earlier this week in aThe CFTC charged three DeFi protocols last week — Opyn, ZeroEx and Deridex — for offering"illegal digital asset derivatives trading.

Throughout the speech, McGinley cited other DeFi-related cases the CFTC brought over the past few years, including ones against

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CFTC Commissioner plans to modernize investor protection with technologyThe CFTC Commissioner revealed that the TAC experts are tasked with identifying ways to instill KYC and AML processes into decentralized finance and crypto investment avenues.
Source: Cointelegraph - 🏆 562. / 51 Read more »

RWAs come to DeFi: How DEX derivatives can benefit from asset tokenizationModular oracle aims to help DEX platforms offer derivatives trading of gold, silver, oil and other real-world assets, like tokenized Treasury bills, with tailor-made data feed models
Source: Cointelegraph - 🏆 562. / 51 Read more »