Wu Blockchain (@WuBlockchain): The CFTC’s Market Participants Division issued a staff no-action letter for Phantom Technologies on introducing broker (IB) registration. Under specif…
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The CFTC’s Market Participants Division issued a staff no-action letter for Phantom Technologies on introducing broker (IB) registration. Under specified conditions, MPD will not recommend enforcement solely because Phantom, as a self-custodial wallet software provider, offers front-end interfaces that let users route orders to a designated contract market (DCM) or registered FCMs/IBs for CFTC-regulated derivatives trading without taking custody of user assets. https://www.cftc.gov/PressRoom/PressReleases/9197-26