TechCFTC issues no-action position for passive software providers
CoinDesk reports that the position shields developers who build trading tools from having to register as introducing brokers.
TLDR
CoinDesk reports that the CFTC issued a no-action position for passive software providers, shielding trading-tool developers from introducing-broker registration. The outlet describes it as a key protection for decentralized finance (DeFi) and crypto software developers.
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CFTC issues no-action position for passive software providers
CoinDesk reports that the position shields developers who build trading tools from having to register as introducing brokers.