The CFTC found Kraken violated the Commodities Exchange Act by offering margined crypto products between June 2020 and June 2021 without registering as a Designated Contract Market (DCM) or FCM. Entities hoping to list or trade futures products must register as an FCM, while a DCM license is needed to offer futures products. www.coindesk.com
The CFTC found Kraken violated the Commodities Exchange Act by offering margined crypto products between June 2020 and June 2021 without registering as a Designated Contract Market (DCM) or FCM. Entities hoping to list or trade futures products must register as an FCM, while a DCM license is needed to offer futures products.
www.coindesk.com