The CFTC and other U.S. financial regulators are currently working on regulating the crypto market, and a policy may arrive this year.<\/li>\n<\/ul>\nThe United States Commodity Futures Trading Commission published a notice on July 14, announcing that it had added 34 unregistered foreign entities to its Registration Deficient List (RED list). Addition to the list does not mean that the CFTC considers the entities to have violated any law. Rather, it serves as a warning to those involved in the ecosystem, effectively telling users to be wary of such matters as potential fraud.<\/p>\n
NEWS: The RED List provides information to U.S. customers about unregistered foreign entities acting in a capacity that requires registration with the CFTC. Thirty-four new entities were added to the list today. Learn more at https:\/\/t.co\/gMw4UGxfyp.<\/p>\n
Among the crypto platforms that have been put on the RED list are Bitpay Options, Algobit, and Capital Trading Hub. In the view of many regulators around the world, especially with respect to trading binary options, these platforms are illegal. For example, the U.K. and EU have banned binary options trading.<\/p>\n
The notice describes why an entity may be added to the list, which mostly has to do with not having registered with the agency when dealing with trading binary options and foreign currency, among other things. It reads,<\/p>\n
“A firm is added to the RED List when the CFTC determines, from investigative leads and public inquiries, that it is not registered with the Commission and appears to be acting in a capacity that requires registration, such as trading binary options, foreign currency (forex), or other products. The Commodity Exchange Act generally requires intermediaries in the derivatives industry to register with the CFTC.”<\/p>\n
There are now over 200 entities on the RED list. The CFTC is not slowing down when it comes to regulation and, along with several other U.S. agencies, is looking to clamp down on the crypto market.<\/p>\n
United States Gearing Up for Wide-Ranging Crypto Regulation<\/h2>\n
The CFTC is one of many financial regulators in the U.S. that is working on crypto regulation. The country has finally ramped up its focus on crypto regulation, and the growth in crypto adoption and the recent market crash sparked by notorious incidents have spurred them on.<\/p>\n
As such, it appears that they are collectively working on different aspects of the market. The U.S. Treasury, for example, is focused on stablecoin regulation, while the United States Securities and Exchange Commission (SEC) is working on securities laws for the crypto market.<\/p>\n
The world will keep a close eye on the U.S. proceeds, as many will look to it for their own stances on crypto. At any rate, it seems like crypto regulation is arriving soon, and this will have a marked impact on the market.<\/p>\n
Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The Commodity Futures Trading Commission has added<\/p>\n","protected":false},"author":3,"featured_media":160402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n
CFTC Adds 34 Crypto Entities to the RED List - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CFTC Adds 34 Crypto Entities to the RED List - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"The Commodity Futures Trading Commission has added\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-15T11:03:21+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/07\/CFTC-Adds-34-Crypto-Entities-to-the-RED-List-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/\",\"name\":\"CFTC Adds 34 Crypto Entities to the RED List - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2022-07-15T11:03:21+00:00\",\"dateModified\":\"2022-07-15T11:03:21+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"CFTC Adds 34 Crypto Entities to the RED List\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CFTC Adds 34 Crypto Entities to the RED List - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/","og_locale":"en_US","og_type":"article","og_title":"CFTC Adds 34 Crypto Entities to the RED List - Pre Coin News","og_description":"The Commodity Futures Trading Commission has added","og_url":"https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/","og_site_name":"Pre Coin News","article_published_time":"2022-07-15T11:03:21+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/07\/CFTC-Adds-34-Crypto-Entities-to-the-RED-List-.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/","url":"https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/","name":"CFTC Adds 34 Crypto Entities to the RED List - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2022-07-15T11:03:21+00:00","dateModified":"2022-07-15T11:03:21+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/crypto\/cftc-adds-34-crypto-entities-to-the-red-list\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Crypto","item":"https:\/\/precoinnews.com\/category\/crypto\/"},{"@type":"ListItem","position":3,"name":"CFTC Adds 34 Crypto Entities to the RED List"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/160403"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=160403"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/160403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/160402"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=160403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=160403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=160403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![](\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/07\/CFTC-770x511.jpg\")
![](\"https:\/\/secure.gravatar.com\/avatar\/b2510d042661c9e56f896e2ef25d9f53?s=50&d=retro&r=g\")
<\/p>\n