Just before its direct listing, Coinbase has agreed to a 6,5 million-dollar fine after the CFTC found that the exchange engaged in illegal wash trading practices.
The CFTC found that Coinbase could be engaged in trading practices that provided misleading information to services like Coinmarketcap and the CME Bitcoin Real Time Index. This happened via the improper use of trading bots and even irregular actions by one unidentified worker.
According to Acting Director of Enforcement Vincent McGonagle, this fine sends a message to the cryptocurrency industry that the CFTC is stepping up its efforts to investigate and penalize any illicit practices that may have been carried out by regulated exchanges in the United States.
“Reporting false, misleading, or inaccurate transaction information undermines the integrity of digital asset pricing. This enforcement action sends the message that the Commission will act to safeguard the integrity and transparency of such information.”
Coinbase agr
Źródło: https://cryptopotato.com/coinbase-pay-65-million-usd-fine-wash-trading-cftc/
