The American regulator added several crypto companies to the "red list"

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The US Commodity Futures Trading Commission included 34 foreign entities on its unregistered list. The list also includes cryptocurrency companies.

The CFTC has published a notice regardingadding foreign organizations to the so-called “red list”. It included Bitpay Options, Algobit,  Capital Trading Hub. Some of the ones listed have common domains that redirect users to the same site. Other sites do not work at all, including Fx-Cryptex and Direct Cryptos.

The CFTC's Red List is designed toprovide US customers with information about financial service providers that are not yet registered with the regulator. Currently, more than 200 organizations are included in it. Being on the list does not mean that the CFTC considers these firms to be in violation of the laws. Rather, it is a warning to users to beware of possible scams.

“A company is added to the red list whenBased on investigative leads and public requests, the CFTC determines that it is not registered with the agency as a company trading binary or cryptocurrency options, foreign currencies or other financial products. According to the US Commodity Exchange Act, intermediaries working with derivatives are required to register with the CFTC,” the regulator explained the reasons for adding to the list of “suspicions.”

Along with the Securities and Exchange CommissionUS (SEC), CFTC has focused on regulating cryptocurrencies due to the recent decline in the digital asset market and lack of liquidity, resulting in some crypto lenders recently filing for bankruptcy. In particular, we are talking about Celsius and Voyager Digital.

However, recently Cardano co-founder CharlesHoskinson told the US Congress that the cryptocurrency industry can self-regulate like the banking sector, without interference from the SEC and CFTC.