The U.S. Commodity Futures Trading Commission (CFTC) has included 34 foreign entities on its list of unregistered entities. Six of them offer services related to cryptocurrencies.

According to the post, these are TradeFinancials, CryptoBO, Bitpay Options, CryptoSphereFX, Direct Cryptos and Prime Crypto FX. The regulator urged users to be careful, citing “a large number of fraud complaints”.

“Because they are not registered with the CFTC, customers interacting with them may not be subject to protections and warranties,” the commission said.

They added that working with such organizations threatens “significant risks.” Overall, the so-called “red list” increased to 202 firms.

In November 2020, the Texas regulator issued three emergency orders to shut down the operations of 14 cryptocurrency companies suspected of fraud.

In March 2021, state officials filed suit against three unregistered projects. One of them worked under the Binance bitcoin exchange brand.

In October of the same year, the New Jersey Securities Bureau ordered the management of five crypto companies to suspend on suspicions of fraud.

Recall that in April 2022, the US Securities and Exchange Commission expanded the list of “misleading” organizations related to digital assets.

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