The US CFTC has released guidance on the foreign trading platform registration framework, providing regulatory clarity for non-US trading platforms seeking reentry into the US market.

BlockBeats News, August 29, the Market Oversight Branch of the U.S. Commodity Futures Trading Commission (CFTC) today issued guidance on a Foreign Board of Trade (FBOT) registration framework applicable to non-U.S. entities legally established and operating outside the United States that wish to provide direct trading platform access to individuals located within the United States. The CFTC's FBOT registration framework applies to all markets, regardless of asset class, including both traditional and digital asset markets.

Acting Chairman Caroline D. Pham stated: "Today's release of the FBOT guidance provides regulatory clarity for those seeking a lawful return to the U.S. for trading activities that departed the United States due to the 'enforcement-style regulation' of the past few years. By reaffirming the CFTC's long-standing practices to offer U.S. traders a diverse selection and access to the world's deepest and most liquid markets, as well as a rich array of products and asset classes, U.S. companies that were forced to operate abroad to conduct cryptocurrency trading now have the opportunity to return to the U.S. market."