U.S. regulator subpoenas cryptocurrency platforms Bitfinex and Tether

The U.S. derivatives regulator has sent a subpoena to two of the world’s largest cryptocurrency platforms, a person familiar with the matter told Reuters on Tuesday, as watchdogs globally increase their scrutiny of the emerging asset class.

The Commodity Futures Trading Commission (CFTC) sent a subpoena on Dec. 6 to both Bitfinex, a cryptocurrency exchange, and Tether, a company that issues a virtual currency, the person said, wishing to remain anonymous because the matter is private.

Regulators send subpoenas in order to gather information into a range of inquiries. Reuters could not ascertain what information the CFTC requested from Bitfinex and Tether, or if the CFTC was formally investigating the cryptocurrency platforms.

Donna Faulk White, a spokeswoman for the CFTC, declined to comment.

A spokesman for Bitfinex and Tether, which are affiliated with each other, said in a statement: “We routinely receive legal process from law enforcement agents and regulators conducting investigations. It is our policy not to comment on any such requests.”

Source: Reuters

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