The CFTC\u2019s Division of Market Oversight issued an advisory on Thursday stating that U.S.-based users can now trade on non-U.S. crypto exchanges such as Binance.<\/p>\n
The advisory<\/a> clarifies the Foreign Board of Trade (FBOT) registration framework, which allows non-US exchanges to provide direct market access to US customers.<\/p>\n \u201cToday\u2019s FBOT advisory provides the regulatory clarity needed to legally onshore trading activity that was driven out of the United States due to the unprecedented regulation by enforcement approach of the past several years,\u201d said Acting Chairman Caroline Pham.<\/p>\n The advisory addresses confusion caused by recent enforcement actions that departed from decades of CFTC precedent<\/a>, clarifying that foreign exchanges can register as FBOTs rather than having to become Designated Contract Markets (DCMs).<\/p>\n Pham explicitly mentioned \u201ca path back to US markets\u201d for American crypto companies that were forced overseas due to regulatory uncertainty.<\/p>\n \u201cBy reaffirming the CFTC\u2019s longstanding approach to provide US traders with choice and access to the deepest and most liquid global markets, with a wide range of products and asset classes, American companies that were forced to set up shop in foreign jurisdictions to facilitate crypto asset trading now have a path back to US markets.\u201d<\/p>\n Many American firms were forced to relocate overseas during the Biden administration\u2019s \u201cwar on crypto<\/a>.\u201d<\/p>\n Additionally, Americans have been able to trade on CFTC-registered foreign exchanges since the 1990s through the FBOT framework, which Pham called \u201cthe simplest and fastest solution.\u201d<\/p>\n \u201cStarting now, the CFTC welcomes back Americans that want to trade efficiently and safely under CFTC regulations, and opens up US markets to the rest of the world,\u201d Pham said before adding:<\/p>\n \u201cIt\u2019s just another example of how the CFTC will continue to deliver wins for President Trump as part of our crypto sprint.\u201d<\/p>\n Earlier this week, the CFTC announced<\/a> that it was deploying Nasdaq\u2019s advanced market surveillance technology to replace its decades-old legacy system while enhancing fraud detection across traditional and crypto derivatives<\/a> markets.<\/p>\n \u201cAs our markets continue to evolve and integrate new technology, it\u2019s critical that the CFTC stays ahead of the curve,\u201d said Pham.<\/p>\n The new system provides automated alerts, cross-market analytics, and real-time monitoring across multiple asset classes, including commodities, currencies, and crypto assets.<\/p>\n The post CFTC Opens Doors for Americans to Trade on Non-US Crypto Exchanges<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The CFTC\u2019s Division of Market Oversight issued an advisory on Thursday stating that U.S.-based users can now trade on non-U.S. crypto exchanges such as Binance. The advisory clarifies the Foreign Board of Trade (FBOT) registration framework, which allows non-US exchanges to provide direct market access to US customers. \u201cToday\u2019s FBOT advisory provides the regulatory clarity […]<\/p>\n","protected":false},"author":0,"featured_media":92197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-92196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/92196"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92196"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/92196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/92197"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}CFTC\u2019s Pivot to Crypto<\/h2>\n
Enhancing Crypto Fraud Protection<\/h2>\n