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The hearing dates for crypto exchange BitMEX have been fixed for March 28, 2022, as per a report on legal outlet Law360.
BitMEX co-founder Ben Delo has surrendered before authorities in the US on charges of failure to implement adequate anti-money laundering procedures at his company, reported industry publication Bloomberg this morning.
According to the data from Skew, Binance Futures now has the most liquid Bitcoin perpetual swap contract.
BitMEX has long been a polarizing platform within the crypto industry, with it being the trading venue of choice for those utilizing margin, while also contributing to some of the most precarious price movements ever seen by Bitcoin.
Recent news regarding the United States Commodities and Futures Trading Commission’s crusade against the three co-founders of BitMEX has had grave implications for Bitcoin and the crypto market.
Following the CFTC’s charge against BitMEX and its operators, the United States Department of Justice filed their own charges against the exchange’s four founders and executives for violating the Bank Secrecy Act.
On Thursday, the industry was shocked by the news that leading Bitcoin derivatives exchange BitMEX was formally charged by the United States Commodities and Futures Trading Commission (CFTC) over concerns around derivatives and anti-money laundering violations.
Bitcoin’s price has been rocked by news of the Commodities and Futures Trading Commission bringing charges against popular margin trading platform BitMEX.
The United States Commodity Futures Trading Commission (CFTC) has charged the owners of BitMEX with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to meet required AML procedures.
Earlier this year, in March, rumors began to spread online that leading Bitcoin derivatives platform BitMEX was on the verge of implementing Know Your Customer (KYC) procedures.