According to the recent news reported on last Friday by Bloomberg’s columnist Tim Culpan, BitMEX, one of the prominent Bitcoin margin trading exchange based out of Seychelles, is undergoing investigation by the US regulator CFTC, the Commodity Futures Trading Commission. The suspicion is whether the exchange has allowed the citizens of the United States to use its platform for trade, in point of fact that it is not registered with the agency.
The US regulator, CFTC considers digital currencies like Bitcoin as merchandise and to trade with these merchandise in the country; one needs to get registered with the agency. An investigation has been commenced, which could take months-long of time to evaluate whether any rule has been broken by the exchange, said by an insider who asked his name to be kept private. It is to be noted that the investigation has not been made public yet by the regulator.
When asked for comment about the supposed investigation from the exchange’s authority, a spokeswoman of the exchange maintained that they are not obligated to speak about any unofficial investigation against them by any government agency. In her own words:
“HDR Global Trading Limited, owner of BitMEX, as a matter of company policy, does not comment on any media reports about inquiries or investigations by government agencies or regulators and we have no comment on this report.”