Curated News
By: NewsRamp Editorial Staff
October 29, 2024

CLS Global Addresses SEC Actions, Emphasizes Compliance and Cooperation

Reddit Discuss on Substack Discuss on Telegram View History of this news story on GitHub
Original Source

TLDR

  • CLS Global has maintained a policy of not operating within the U.S. market, providing a competitive advantage in compliance.
  • CLS Global is reaching out to U.S. authorities to address concerns and enhance client agreements, methodically ensuring compliance.
  • By engaging in constructive discussions with regulatory authorities, CLS Global aims to ensure full compliance and transparency, making the world a better place.
  • CLS Global, a leading cryptocurrency market-making firm, is taking steps to enhance compliance and transparency, making it an interesting development in the digital asset industry.

Impact - Why it Matters

This news matters as it involves a leading cryptocurrency firm responding to regulatory actions and striving to enhance compliance and transparency. The company's commitment to addressing concerns and maintaining open communication reflects its dedication to stakeholders and the broader cryptocurrency industry.

Summary

CLS Global has issued a statement in response to actions by a U.S. prosecutor and the SEC against several cryptocurrency firms. The company has reached out to U.S. authorities to establish a cooperative dialogue and address any concerns. CLS Global has maintained a strict policy against engaging with the U.S. market and is taking steps to enhance compliance.

Filipp Veselov, CEO of CLS Global, emphasized the company's commitment to compliance and transparency while acknowledging areas for improvement. The company is reviewing client agreements, assessing exchange partnerships, and engaging in open dialogue with regulatory authorities.

CLS Global is dedicated to operating within the bounds of applicable laws and ensuring full compliance and transparency in its operations. The company appreciates the patience and understanding of its stakeholders and remains committed to maintaining open lines of communication throughout this process.

Source Statement

This curated news summary relied on content disributed by BlockchainWire. Read the original source here, CLS Global Addresses SEC Actions, Emphasizes Compliance and Cooperation

blockchain registration record for this content.