Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says
CFTC Chair Michael Selig cited the record $6.4 billion theft as a reason offshore exchanges should register with the CFTC and meet U.S.-grade cybersecurity standards. The remarks point to possible tighter US oversight of offshore venues, a regulatory risk traders should watch. The snippet gives no further detail on specific rules or timelines.
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