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That's ridiculous. If they want to avoid trouble with CFTC the answer is to register with them, not some home cooked idea that segregated wallets would keep the
by xorcist 10y ago
That's ridiculous. If they want to avoid trouble with CFTC the answer is to register with them, not some home cooked idea that segregated wallets would keep them clean. I simply can't believe that the CFTC would take a second look at their BitGo setup and say "sure, go ahead, no need to register anymore". I don't even believe that was the intention, it's wishful thinking in hindsight by the spectators over at Reddit.
- jerguismi 10y agoYeah, it would be stupid if it was the only action. As I understood, they paid 75kusd fine, then applied for the license as well, and did bunch of other compliance-actions. Segregated wallets were one of those. The exact discussions/dealings between CFTC and bitfinex are of course unknown.