Phantom has received CFTC no-action relief allowing the crypto wallet to serve as the consumer interface for regulated derivatives without registering as a broker. The letter marks a major expansion of wallet capabilities beyond self-custody into regulated financial products. https://cryptoslate.com/regulatory-red-tape-ripped-away-from-crypto-wallets-granting-direct-access-to-derivatives/ #Blockchain #Crypto #Regulation #Phantom #Wallets
Regulatory red tape ripped away from crypto wallets, granting direct access to derivatives

A no action letter lets Phantom run the interface while registered firms keep custody, clearing, and the legal customer relationship.

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