According to BlockBeats, on August 21, the National Futures Association (NFA) announced that Ikigai Strategic Partners has agreed to pay a $150,000 fine. This decision, made on August 20, stems from allegations of illegal Bitcoin lending activities by the cryptocurrency fund.
This action is part of the ongoing repercussions from the 2022 liquidity crisis that affected the entire industry. It also represents the latest instance of the NFA, which oversees the U.S. derivatives market, extending its regulatory oversight into the spot cryptocurrency market.
In a statement released on August 20, the NFA accused Ikigai Strategic of allowing a fund pool it operated to make a prohibited advance payment of fund pool assets to an affiliated company. This affiliated company is co-owned by Anthony Robert Emtman, the head of the fund, and another Ikigai Strategic executive.
