A Bloomberg columnist reports on Twitter that as per the data that has fallen in his hands, the US watchdog dealing with commodities and futures markets (CFTC) is scrutinizing the Seychelles-headquartered BitMEX crypto exchange for allowing American customers to trade on its markets.
A Chinese whispers investigation
As per the law that is currently in affect, US is on the list of the countries whose residents are banned from doing trading on the BitMEX platform. However, it is believed that many users (as it usually happens) have found a way round this prohibition using VPNs. Similar practice is very much popular in China these days to avoid the governmental crypto ban.
Neither BitMEX or the CFTC have confirmed the information about the current investigation but the author from Bloomberg, Tim Culpan, says the info is valid.
Dr Doom throws accusations at BitMEX
The news comes a short while after the prominent Bitcoin hater Nouriel Roubini (otherwise known as ‘Dr Doom’) has accused BitMEX along with a bunch of other digital asset exchanges on profiting from illegal crypto trading and basically – from money laundering conducted by terrorists from Russia, Iran and other countries on a regular basis.
Dr Doom also criticized the recent trend of margin trading that is becoming very popular on crypto exchanges. In particular, Binance has introduced it recently.