U.S. CFTC: Plans to continue investigating illegal cryptocurrency trading platforms and will not tolerate evasion of KYC rules

ChainCatcher news, regarding the latest developments in the Binance case, CFTC Commissioner Christy Goldsmith Romero stated that there is no "pirate ship" in the U.S. market, and that "contacting U.S. customers is a privilege, not a right." The CFTC plans to continue actively pursuing cryptocurrency trading platforms that violate trading laws and will not tolerate the use of VPNs or other means that may circumvent KYC rules, including merely asking users to prove they are not in the U.S. in a pop-up prompt.

Additionally, CFTC Commissioner Caroline D. Pham stated in another statement that the CFTC's jurisdiction knows no borders, and the CFTC will not cease its pursuit of non-U.S. entities.