Mango Markets Faces $500K CFTC Settlement for Regulatory Violations

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Mango Markets Faces $500K CFTC Settlement for Regulatory Violations Mango Markets, a decentralized crypto exchange, is reportedly nearing a $500,000 settlement with the Commodity Futures Trading Commission (CFTC) over regulatory violations, including the failure to register as a commodities exchange, according to a report by CoinDesk.

In addition to the pending CFTC settlement, Mango Markets previously agreed to a $700,000 settlement with the SEC for violating securities regulations.

Mango Markets’ legal troubles reflect the broader regulatory challenges facing decentralized exchanges as they continue to evolve within the crypto space.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Latest News Mango Markets Faces $500K CFTC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 06:36:54 (5 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 445 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22691654

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Year Established: 2020

Headquarters: India

News Last Updated: 1 days ago

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Publisher ID: #121

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