A Crypto Startup Fined $1M For Unlicensed Services

A Crypto Startup Fined $1M For Unlicensed Services

The Commodity Futures Trading Commission (CFTC) has fined a Marshall Islands based crypto startup 1pool Limited and its owner a hefty amount for conducting unlicensed financial activities. The CFTC’s director of enforcement stated, “Intermediaries should take notice that they will be held accountable by the CFTC for failing to comply with registration requirements and to implement policies…”

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