SEC, CFTC Charge XBT Group With Selling Unregistered Swaps for Bitcoin

Oct 31, 2019 at 18:49 UTC Updated Oct 31, 2019 at 18:55 UTC news
U.S. regulators filed charges against XBT Corp. Thursday, alleging the company failed to register as a futures commission merchant (FCM).
In simultaneous press releases, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) alleged that XBT, otherwise known as First Global Credit, sold security-based swaps for bitcoin without registering on a national exchange.
According to the charges, XB…

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