Regulation
CLS Global Pledges Cooperation As US SEC, FBI, DOJ Probe Crypto Operations
In response to recent U.S. regulatory actions targeting cryptocurrency firms, including CLS Global, the company has clarified its stance and pledged full cooperation with authorities.
With investigations underway by the U.S. Securities and Exchange Commission (SEC), the Department of Justice (DOJ), and the Federal Bureau of Investigation (FBI), CLS Global has taken steps to address the concerns raised and enhance its compliance framework.
CLS Global’s Commitment to a Strict Non-U.S. Market Policy
CLS Global emphasized that it has consistently maintained a strict policy of avoiding engagement with the U.S. market. According to the company, this policy extends to refraining from business interactions with U.S. citizens, entities, or clients.
“Our company has always aimed to maintain a policy that prohibits engagement with U.S. clients, entities, or users,” said CLS Global CEO Filipp Veselov.
He added that the company takes compliance obligations seriously and has worked to ensure its operations remain distinct from U.S. regulatory reach.
In addition, CLS Global stated that, while it stands by this non-U.S. policy, it remains open to identifying areas where compliance can be strengthened. The company expressed a commitment to constructive dialogue with regulatory authorities to ensure adherence to evolving industry standards and expectations.
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Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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