U.S. CFTC: Foreign companies can apply to register as "foreign exchanges" to conduct business in the United States

ChainCatcher message, the U.S. CFTC Market Oversight Division has released guidance on the registration framework for Foreign Broker-Dealer Platforms (FBOT), applicable to non-U.S. entities that are legally established and operating outside the United States and wish to provide direct trading platform access to individuals located in the U.S. This registration framework applies to all markets, regardless of asset class, including traditional and digital asset markets.

Acting Chair Caroline D. Pham stated, "The FBOT guidance released today provides regulatory clarity for trading activities that have left the U.S. due to 'enforcement-style regulation' over the past few years to return legally to the U.S. By reaffirming the CFTC's long-standing practices, we offer U.S. traders diverse choices and access to the world's deepest and most liquid markets, as well as a rich array of products and asset classes. Those U.S. companies that have been forced to establish operations abroad to engage in cryptocurrency trading now have the opportunity to return to the U.S. market."