The CFTC alleges that much of BitMEX’s trading volume and profits are from U.S. customers, despite the fact that, like many other international cryptocurrency exchanges, Americans cannot legally use it. Visitors to the exchange’s website from American IP addresses receive a warning to that effect and are blocked from registering.
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Giant cryptocurrency exchange BitMEX hit with criminal and civil money laundering charges
“We strongly disagree with the U.S. government’s heavy-handed decision to bring these charges," BitMEX parent company HDR Global Trading Limited said in a statement, "and intend to defend the allegations vigorously. From our early days as a start-up, we have always sought to comply with applicable U.S. laws, as those laws were understood at the time and based on available guidance."
