CFTC Clears Path to Allow US Citizens to Access Offshore Crypto Exchanges
The US Commodity Futures Trading Commission (CFTC), a US financial regulator, announced on Thursday that offshore crypto exchanges now have a pathway to legally serve US-based clients by registering under the Foreign Board of Trade (FBOT) framework.
US-based clients have had the right to trade on registered offshore platforms since the 1990s under the FBOT registry, and the framework works for all asset classes, acting CFTC Director Caroline Pham said in a statement. Pham said:
“Starting now, the CFTC welcomes back Americans who want to trade efficiently and safely under CFTC regulations, and opens up US markets to the rest of the world. It’s just another example of how the CFTC will continue to deliver wins for President Trump as…
