The US Commodity Futures Trading Commission (CFTC) included 34 foreign organizations in the listunregistered. Six of them provide services related to cryptocurrencies.
According to the post, it is about TradeFinancials.CryptoBO, Bitpay Options, CryptoSphereFX, Direct Cryptos and Prime Crypto FX. The regulator urged users to be careful, noting "a large number of complaints of fraud."
“Because they are not registered with the CFTC, customers interacting with them may not be subject to protections and guarantees,” the Commission said.
They added that working with such organizations threatens "significant risks." In general, the so-called "red list" has increased to 202 firms.
In November 2020, the Texas financial regulator issued three emergency orders to shut down 14 cryptocurrency companies suspected of fraud.
In March 2021, state authorities filed claims against three unregistered projects. One of them operated under the brand of the Bitcoin exchange Binance.
In October of the same year, the New Jersey Securities Bureau sent the management of five crypto companies a suspension order due to suspicions of fraud.
Recall that in April 2022, the US Securities and Exchange Commission expanded the list of "misleading" organizations related to digital assets.
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