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Falcon Labs illegally provided US customers access to digital asset trading platforms

Bitcoin and Ethereum cryptocurrency on a laptop keyboard, next to a trading chart.
Photo: Getty Images/bizoo_n

The company has paid over $1.7m to settle charges with the CFTC.

The Commodity Futures Trading Commission (CFTC) has settled charges with crypto prime broker firm Falcon Labs, Ltd for failing to register as a futures commission merchant (FCM) with the Commission.

According to the order, Falcon Labs was found to have solicited or accepted orders for digital asset derivatives from US