CFTC CHAIRMAN MICHAEL SELIG SAYS ONLY FEDERALLY REGULATED CRYPTO EXCHANGES WILL BE ABLE TO OFFER LEVERAGE UNDER THE AGENCY’S PROPOSED RULES. STATE LICENSES COVER MONEY TRANSMISSION ONLY. THE 100X LEVERAGE SEEN OFFSHORE “WILL BE NO DIFFERENT” FROM WHAT THE US HAS ALWAYS BANNED.
published
CFTC CHAIRMAN MICHAEL SELIG SAYS ONLY FEDERALLY REGULATED CRYPTO EXCHANGES WILL BE ABLE TO OFFER LEVERAGE UNDER THE AGENCY’S PROPOSED RULES. STATE LICENSES COVER MONEY TRANSMISSION ONLY. THE 100X LEVERAGE SEEN OFFSHORE “WILL BE NO DIFFERENT” FROM WHAT THE US H
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