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BitMex denies CFTC and DoJ allegations, says trading will continue

BitMex denies CFTC and DoJ allegations, says trading will continue

In a weblog submit printed Thursday afternoon, Bitmex lashed out at expenses that the Commodity Futures Buying and selling Fee and Division of Justice filed towards the change and its administration earlier right now.

Bitmex’s assertion claimed that “From our early days as a start-up, we have now at all times sought to adjust to relevant U.S. legal guidelines, as these legal guidelines have been understood on the time and primarily based on accessible steerage.”

What precisely “relevant U.S. legal guidelines” are will doubtless be central to the case. Bitmex has lengthy maintained that it doesn’t serve clients within the U.S., although others earlier than the CFTC and DOJ have argued that this a lie. The CFTC’s case rests on Bitmex’s failure to register with the fee as a derivatives change within the U.S. 

The DOJ, alternatively, argues that Bitmex intentionally didn’t implement efficient know-your-customer and anti-money laundering packages, in violation of the Financial institution Secrecy Act. Each businesses assert that Bitmex had years of warning that their operations have been unlawful.