Subpoenas for CTFC leading exchanges for trading data – Bitcoints

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Published on June 10th, 2018 | by bitcoin

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Subpoenas for CTFC leading exchanges for trading data

Subpoenas for CTFC leading exchanges for trading dataThe report claims that the CFTC launched a criminal probe into BTC price manipulation after several cryptocurrency exchanges rejected a request from Chicago Mercantile Exchange (CME) for the exchanges to share trading data CME.
The report adds that “The CFTC is coordinating with the U.S Justice Department” in its investigations.
CFTC Investigation Spurred by Lack of Trading Data Provided to CME by Exchanges
The Wall Street Journal claims that the CFTC’s investigation was spurred by a lack of responsiveness to requests from CME that Bitstamp, Coinbase, Itbit, and Kraken to provide trading data back in January.
In response to the requests, several exchanges reportedly initially “declined to comply,” before “provid[ing] some data” after CME reduced the request to just several hours of trading activity, rather than a full day.
The report adds that the data provided only included information “restricted to “a few market participants.”
The CFTC, the regulatory authority tasked with overseeing CME’s bitcoin futures markets, reportedly subpoenaed the exchanges for the data in response to the dispute.

Source: News.bitcoin.com

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