FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant
Briefly

FalconX will pay $1.8 million to settle newly-announced charges from the CFTC that the crypto trading firm violated commodities laws by failing to register as a futures commission merchant (FCM).
After these new, stricter KYC requirements were put in place, FalconX told the CFTC that Edge lost half of its customers.
Read at Coindesk
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