The U.S. Commodity Futures Trading Commission (CFTC) has added 45 unregistered foreign entities, including many crypto-related names, to its Red List.
CFTC Executive Director Ian McGinley said in a statement:
“For nearly 10 years, the CFTC has listed organizations on the RED List that have the potential to cause irreparable financial harm to innocent Americans.
Therefore, we strongly recommend that all our clients check the RED List before transacting, as they may have little or no protection if they choose to transact with unregistered firms operating outside the US.”
Launched in 2015, the RED List is a vital tool used by the CFTC to identify and warn the public about entities that are not registered with the CFTC and are suspected of operating in areas that require registration, such as trading in binary options, foreign exchange (forex), and various cryptocurrency products.
Cryptocurrency-linked companies make up a significant portion of the recent additions to the RED List. You can find the list of companies in question on the official website of the CFTC.
*Not investment advice.