⚖️ CFTC grants regulatory relief to crypto wallets and trading apps
The CFTC has expanded regulatory relief for passive software providers, allowing crypto wallets and apps to connect users to regulated derivatives and prediction markets without registering as introducing brokers. This move simplifies how platforms offer access to perpetual contracts and other financial products.
To qualify, providers must limit their role in transactions and cannot exercise discretion over user orders. This policy extends a previous exemption granted to Phantom wallet in March, following requests from Phantom and the Hyperliquid Policy Center for clearer rules.
#CFTC #CryptoRegulation #Wallets #Derivatives
The CFTC has expanded regulatory relief for passive software providers, allowing crypto wallets and apps to connect users to regulated derivatives and prediction markets without registering as introducing brokers. This move simplifies how platforms offer access to perpetual contracts and other financial products.
To qualify, providers must limit their role in transactions and cannot exercise discretion over user orders. This policy extends a previous exemption granted to Phantom wallet in March, following requests from Phantom and the Hyperliquid Policy Center for clearer rules.
#CFTC #CryptoRegulation #Wallets #Derivatives