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SEC, CFTC Charge Bitcoin (BTC) Swaps Dealer 1Broker for Breaching US Laws

Published 09/28/2018, 11:46 AM
Updated 09/28/2018, 01:00 PM
 SEC, CFTC Charge Bitcoin (BTC) Swaps Dealer 1Broker for Breaching US Laws

The US federal market regulators, Securities and Exchange Commission (SEC), and Commodity Futures Trading Commission (CFTC) have charged the Marshall Island’s crypto swap dealer 1Broker for allegedly violating US laws by working without proper registrations. Commenting on the Thursday SEC and CFTC decisions, 1Broker said on Friday that it would allow customer withdrawals after receiving permission from the authorities.

1Broker’s trading desk is not accessible anymore as the Federal Bureau of Investigation (FBI) seized the company’s domain, based on both regulators’ charges. According to SEC, 1Broker did not apply for registration in spite of offering security-based swaps, funded with Bitcoin (BTC), to US...

This article appeared first on Cryptovest

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