The United States Commodity and Futures Trading Commission (CFTC) has ordered Tether and Bitfinex to pay fines worth $42.5 million.
In a release from today, October 15th, Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited – all companies associated with the issuer of the largest stablecoin USDT, Tether, were ordered to pay a fine worth $41 million.
This was issued by the CFTC on the grounds of “misleading statements and omissions of material fact in connection with the U.S. dollar token USDT.”
Additionally, the companies have been ordered to cease and desist from any further violations of the CEA (Commodity Exchange Act).
Going forward, the Commission also issued a separate order against BFXNA Inc., iFinex Inc., and BFXWW Inc – companies associated with the popular cryptocurrency exchange Bitfinex.
They must pay $1.5 million in a civil monetary penalty for engaging in illegal, off-exchange retail commodity transactions with US
We współpracy z: https://cryptopotato.com/tether-and-bitfinex-ordered-to-pay-42-5-million-fine-by-the-cftc/
